Lakshmi Vilas Bank has reported results for second quarter ended September 30, 2016.
The Bank has reported 44.66% rise in its net profit at Rs 64.85 crore for the quarter under review as compared to Rs 44.83 crore for the same quarter in the previous year. Total income of the Bank increased by 18.97% at Rs 830.29 crore for Q2FY17 as compared Rs 697.88 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the July- September quarter of the current fiscal increased to 2.70%, as compared to 1.89% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.87% in Q2FY17.
