ING Vysya Bank has posted 39.52 per cent rise in net profit to Rs 127.4 crore in the March quarter on the back of higher core earnings. Net profit stood at Rs 91.30 crore in the same period last fiscal.
Total income rose by 32.81 per cent to Rs 1,258.30 crore compared to Rs 947.42 crore in the same period last year. Net interest income (NII) rose 19 per cent to Rs 319.2 crore during the quarter while net interest margin (NIM) was steady at 3.29 per cent.
While its gross advances grew by 22 per cent to Rs 29,247 crore, deposits were up 17 per cent to Rs 35,195 crore by the end of March, 2012.