ING Vysya net rises 44%

Aided by a robust jump in net interest income and improved margins, private sector lender ING Vysya Bank on Monday reported a 44 per cent rise in net profit at Rs 119.5 crore for the quarter ended December 31, compared to Rs 83 crore in the corresponding quarter last year.

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The bank's total income rose 19.6 per cent Rs 493.5 crore, while its operating profit rose 32.5 per cent to Rs 211.3 crore, compared to the year-ago period. The net interest income for the quarter increased to Rs 323.6 crore, against Rs 245.9 crore in the year-ago period.

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