Private sector lender Lakshmi Vilas Bank today said it has posted a net profit of Rs 23.39 crore for the first quarter ended June 30.
Total income of the bank for the first quarter ended June 2010 has grown at 16.80 per cent to Rs 274.99 crore from Rs 235.44 crore in the corresponding period of the previous year, Lakshmi Vilas Bank said in a statement.
The operating profit of the bank increased by 65.5 per cent at Rs 53.73 crore.
Total interest income has grown from Rs 209.73 crore to Rs 248.07 crore in the first quarter of the current financial year, posting a growth of 18.28 per cent, it said.
The CASA (current account to savings account) balance of the bank has grown by 42.60 per cent at Rs 1,714 crore against Rs 1,202 crore in same quarter a year ago.
The capital adequacy ratio of the bank stood at 13.98 per cent at the end of June 30, 2010.
