MoneyWorks4Me

Lakshmi Vilas Bank expects to return to profitability by end of FY21

25 Feb 2020 Evaluate

Lakshmi Vilas Bank is expecting to return to profitability and come out of the prompt corrective action (PCA) framework by the end of the next financial year (FY21). In the December 2019 quarter, the bank has seen some improvement in asset quality with no new non-performing assets (NPAs) being added.

The bank, whose planned merger with the Indiabulls Group was scuttled by the regulator last October, has been under the Reserve Bank's PCA framework since September 2019 curbing regular lending and other operations.

Lakshmi Vilas Bank offers a wide range of services such as Deposits, loan, MSME, Online Services, NRI services, Wealth Management Services and Personal banking services etc.

Peers
Company Name CMP
HDFC Bank 708.85
ICICI Bank 1384.50
Axis Bank 1236.00
Kotak Mahindra Bank 439.25
Indusind Bank 867.25
View more..