Lakshmi Vilas Bank has reported results for third quarter ended December 31, 2013.
The bank has reported 76.29% fall in its net profit at Rs 7.42 crore for the quarter as compared to Rs 31.30 crore for the same quarter in the previous year. However, total income of the bank increased by 11.78% at Rs 557.25 crore for quarter under review as compared to Rs 498.54 crore for the quarter ended December 31, 2012.
The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 5.60% as compared to 4.41% in same quarter of the previous year. Besides, bank’s Net NPA stood at 4.33% as compared to 2.97% in the same quarter of the previous year.
