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Lakshmi Vilas Bank reports 16% increase in Q2 net profit

11 Nov 2011 Evaluate

Private sector lender Lakshmi Vilas Bank (LVB) has reported results for the second quarter ended September 30, 2011.

The bank has reported an 16% jump in net profit to Rs 29 crore for the second quarter ended September 30, 2011, against Rs 25 crore for the July-September quarter of 2010. Total income of the bank rose by 39.02% to Rs 411.50 crore during the quarter from Rs 296 crore in the same quarter last fiscal.

The gross non-performing assets (NPAs) of the South India-based lender decreased to Rs 197 crore during the quarter from Rs 264 crore in the corresponding year-ago period.

Lakshmi Vilas Bank Share Price

7.65 0.00 (0.00%)
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