Lakshmi Vilas Bank Q4 profit up 6%, at Rs 52 cr
Total income rises 14% to Rs 865 cr, gross NPAs rise to 2.67% from 1.97%
 "Lakshmi Vilas Bank Q4 profit up 6%, at Rs 52 cr")
premium
Lakshmi Vilas Bank (LVB) has reported a 6.29 per cent rise net profit to Rs 52.16 crore during the quarter ended March 31, 2017 from Rs 49.07 crore in the corresponding quarter a year ago.
Total income of the bank was up 14 per cent to Rs 864.99 crore from Rs 758.84 crore. Interest earned during the quarter stood at 733.55 crore as against Rs 666.32 crore a year ago.
The bank's gross NPAs rose to Rs 640.19 crore from Rs 391.25 crore. In percentage terms gross NPAs stood at 2.67 per cent during the quarter (1.97 per cent in the year-ago quarter).
Net NPAs of the Bank rose to Rs 418.41 crore from Rs 231.64 crore. In percentage terms net NPAs rose to 1.76 per cent from 1.18 per cent a year ago.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%