Lakshmi Vilas Bank has reported results for third quarter ended December 31, 2014.
The bank has reported over four fold jump in its net profit at Rs 32.56 crore for the quarter under review as compared to Rs 7.42 crore for the same quarter in the previous year. Total income of the bank has increased 14.97% at Rs 635.36 crore for Q3FY15 as compared Rs 552.63 crore for the corresponding quarter previous year
Gross non-performing assets (NPAs) improved to 3.40% in the October- December quarter as against 5.60% in the same quarter previous year, while net NPAs stood to 2.37%.
