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Lakshmi Vilas Bank net loss widens to Rs 237.25 cr for June quarter

Gross non performing assets (NPA), as a percentage of gross advances, stood at 17.30 per cent (Rs 3556.57 crore) during the three months ended June, 2019

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Lakshmi Vilas bank

BS Reporter Chennai
Net loss of Lakshmi Vilas Bank Ltd widened to Rs 237.25 crore for the quarter ended June 30, 2019, as compared to a net loss of Rs 123.86 per cent during the same quarter of last year. The total income declined 14 per cent during the period to Rs 677.17 crore as against Rs 787.5 crore registered during the corresponding period last year.

Gross non performing assets (NPA), as a percentage of gross advances, stood at 17.30 per cent (Rs 3556.57 crore) during the three months ended June, 2019, when compared to 10.73 per cent (Rs 2,804.71 crore) in the