Lakshmi Vilas Bank has reported results for first quarter ended June 30, 2018.
The Bank has reported a net loss of Rs 123.87 crore for the quarter under review as against to net profit of Rs 66.12 crore for the same quarter in the previous year. Total income of the Bank decreased by 15.07% at Rs 787.51 crore for Q1FY19 as compared Rs 927.25 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 10.73%, as compared to 3.78% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 5.96% in Q1FY19.
