X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
ING Vysya Bank: Cutting corners - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ING Vysya Bank: Cutting corners

Aug 22, 2006

After several quarters of muted performance, ING Vysya Bank reported an impressive growth in profitability in 1QFY07, on the back of higher net interest margins and lower tax incidence. The sloppy growth in advances, no improvement in fee income and callousness towards provisioning, however paint a grim picture.

Rs (m) 1QFY06 1QFY07 Change
Income from operations 2,891 3,212 11.1%
Other Income 422 429 1.6%
Interest Expense 1,872 1,982 5.9%
Net Interest Income 1,019 1,230 20.6%
Net interest margin (%) 3.0% 3.2%  
Other Expense 1,085 1,237 14.0%
Provisions and contingencies 187 191 2.1%
Profit before tax 169 231 36.2%
Tax 78 83 6.4%
Profit after tax/ (loss) 91 148 61.6%
Net profit margin (%) 3.2% 4.6%  
No. of shares (m) 90.7 91.1  
Diluted earnings per share (Rs)* 4.0 6.5  
P/E (x)   20.4  

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

ING VYSYA BANK SHARE PRICE


Apr 15, 2015 (Close)

TRACK ING VYSYA BANK

  • Track your investment in ING VYSYA BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON ING VYSYA BANK

ING VYSYA BANK - DEUTSCHE BANK COMPARISON

COMPARE ING VYSYA BANK WITH

MARKET STATS