Private sector lender ING Vysya Bank has announced a 34% rise in its net profits for the last quarter of the fiscal just ended. The net profits of the bank have amounted to Rs 91.3 crore.

The net interest income (NII) of the bank has shown 9% growth to Rs Rs 268.3 crore in the Q4.

The gross NPA level of the bank has also shown a decline and it now stands at 2.3% as compared to 2.96% earlier.

The provision coverage ratio of the bank has risen to 83.4 per cent, "perhaps the best in the industry," said Mr Shailendra Bhandari, Managing Director, ING Vysya Bank.

Looking at our capital-adequacy ratio and in order to augment our growth, we will certainly raise funds some time this year," said Mr Jayant Mehrotra, Chief Financial Officer, ING Vysya Bank.

"The form, size and shape of the capital will depend on market conditions," said Mr Mehrotra.