Lakshmi Vilas Bank has reported results for third quarter ended December 31, 2018.
The Bank has reported net loss of Rs 373.49 crore for the quarter under review as compared to net loss of Rs 39.23 crore for the same quarter in the previous year. Total income of the Bank decreased by 6.73% at Rs 762.48 crore for Q3FY19 as compared Rs 817.51 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 13.95%, as compared to 5.66% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.64% in Q3FY19.
