Lakshmi Vilas Bank has reported results for second quarter ended September 30, 2019.
The Bank has reported a net loss of Rs 357.18 crore for the quarter under review as compared to net loss of Rs 132.31 crore for the same quarter in the previous year. Total income of the Bank decreased by 16.89% at Rs 665.33 crore for Q2FY20 as compared Rs 800.50 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 21.25%, as compared to 12.31% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 10.47% in Q2FY20.
