Lakshmi Vilas Bank has reported results for second quarter ended September 30, 2013.
The bank has reported a fall of 67.37% in its net profit at Rs 5.85 crore for the quarter ended September 30, 2013 as compared to Rs 17.93 crore for the same quarter in the previous year. However, total income of the bank increased by 12.52% at Rs 536.76 crore for quarter under review as compared to Rs 477.01 crore for the quarter ended September 30, 2012.
Gross non-performing assets (NPAs) increased to 5.22% in the July-September quarter as against 4.50% in the same quarter previous year, while net NPAs has increased to 3.77%.
