Lakshmi Vilas Bank has reported results for second quarter ended September 30, 2020.
The Bank has reported a net loss of Rs 397 crore for the quarter under review as compared to net loss of Rs 357.18 crore for the same quarter in the previous year. Total income of the bank decreased by 25.66% at Rs 494.58 crore for Q2FY21 as compared Rs 665.33 crore for the corresponding quarter previous year.
The bank’s gross NPA for the July-September quarter of the current fiscal increased to 24.45%, as compared to 21.25% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 7.01% in Q2FY21.
