 "Lakshmi Vilas Bank")
Lakshmi Vilas Bank (LVB), which is addressing its capital issue through merger with DBS Bank India, aims to recover Rs 400-500 crore over the next 4-5 months, said a senior official of the bank. It will largely be through one-time settlement and recovery, said the official.
The bank’s asset quality deteriorated as the gross non-performing assets (NPAs) moved up at 24.45 per cent of the gross advances by the end of Q2 FY21, against 21.25 per cent a year ago. Sequentially, it improved from 25.40 per cent by the end of June 2020 quarter.
Gross NPAs were at Rs 4,063.27
