ING Vysya Bank Q2 FY11 Results : Net rises 90.48%

by khalid on 20/10/2010 · 1 comment

ING Vysya Bank Limited has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit rises 40.75% to Rs 75.26 crore in comparison to the Rs 53.47 crore of Q2 (ending Sep 09) of previous year(FY10). ING Vysya Bank Limited is an Indian retail bank, formed after the global financial institution ING acquired a 44% stake in Vysya Bank Ltd in October 2002, and took over management of the bank.

The bank informed the share market(BSE) that the net income increased 18.54% to Rs 638.79 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 538.88 crore. At current value, the price-to-book value of the company was 2.08. The dividend yield of the company was 0.65%.

Share’s Data :-
BSE Code : 531807
Mkt. Cap: Rs 5,041.12 Crores
ING Vysya Bank Limited share’s CMP is Rs 418.35 on 19th Oct 2010

Source : BelltheBull

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