Lakshmi Vilas Bank has reported results for third quarter ended December 31, 2016.
The Bank has reported 70.13% rise in its net profit at Rs 78.38 crore for the quarter under review as compared to Rs 46.07 crore for the same quarter in the previous year. Total income of the Bank increased 21.60% at Rs 879.26 crore for Q3FY17 as compared to Rs 723.05 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 2.78%, as compared to 1.82% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.82% in Q3FY17.
