MoneyWorks4Me

Lakshmi Vilas Bank reports net loss of Rs 123.87 crore in Q1

27 Jul 2018 Evaluate

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.

Peers
Company Name CMP
HDFC Bank 711.50
ICICI Bank 1380.15
Axis Bank 1236.90
Kotak Mahindra Bank 443.00
Indusind Bank 862.95
View more..