Dhanlaxmi Bank posts Rs 9 cr profit for Q4

Private sector lender Dhanlaxmi Bank today reported a profit of Rs 9 crore for the March quarter of last fiscal as it managed to rein in non-performing assets.

In comparison, the bank had registered a loss of Rs 131.60 crore for the fourth quarter of the previous fiscal, 2015-16.

However, the total income during the January-March quarter of 2016-17 declined to Rs 296.34 crore, as against Rs 323.98 crore in the same period a year ago, Dhanlaxmi Bank said in a regulatory filing.

Bank's gross bad loans or non-performing assets (NPAs) during the quarter under review declined to 4.78 per cent, from 6.36 per cent in the year-ago period.
 

Net NPAs at 2.58 per cent also showed a slight decline, compared to 2.78 per cent a year ago.

For the entire financial year 2016-17, the bank posted a profit of Rs 12.38 crore, as against a loss of Rs 209.45 crore in the previous fiscal.