Private sector Dhanlaxmi Bank today reported a net loss of Rs 45 crore in the first quarter ended June 2018.
The bank had registered a net profit of Rs 7.97 crore in the corresponding April-June quarter a year ago. The losses widened against preceding March quarter's Rs 17.16 crore.
Total income during the said quarter was down at Rs 256.36 crore from Rs 287.25 crore a year ago, the bank said in a regulatory filing. The core income from interest was also down at Rs 239.92 crore in three months to June from Rs 259.30 crore year in April-June of 2017-18.
Bank's gross bad loans as a proportion of gross loans by end-June 2018 spiked to 8.94 per cent (Rs 531.05 crore), compared to 5.62 per cent (Rs 354.13 crore) as on June 30, 2017.
Net NPAs were at 3.79 per cent (Rs 212.84 crore), up from 3.15 per cent (Rs 193.12 crore)
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