Page 10 - Lakshmi Vilas Bank

Adjustment of Religare Finvest's deposits legal: Lakshmi Vilas Bank

Shares of Lakshmi Vilas Bank closed flat at Rs 117.45 on BSE

Chennai-based Lakshmi Vilas Bank eyes growth, plans to raise Rs 10 bn

The capital adequacy ratio was 9.81 per cent at end-March, from 10.38 per cent a year before

Lakshmi Vilas Bank posts Rs 6 billion loss in Q4 as as NPA provisions zoom

The bank had registered a net profit of Rs 521.6 million in the January-March period of 2016-17.

Lakshmi Vilas Bank eyes 25% Casa, five-fold rise in fee income in two years

For the quarter, Casa grew by 32.5%, helping the bank improve its cost-to-income ratio to 48.27% from 51.44%

Lakshmi Vilas Bank Q2 net profit down 83% to Rs 10.50 crore

The bank had reported a net profit of Rs 64.84 crore in the corresponding July-September period of 2016-17

Lakshmi Vilas Bank gets board nod to raise Rs 800 cr via rights issue

Lakshmi Vilas Bank (LVB) is planning to raise fund through rights issue.The Bank's has got the Board of Directors approval today to raise funds by way of issue of equity shares on rights basis to existing shareholders of the Bank (Rights Issue) for an amount upto Rs 800 crore.The Board has authorised the Capital Raising Committee of the Board of the Bank to determine the terms and conditions of the Rights Issue including the rights entitlement ratio, the issue price, issue size, record date, timing of the issue and other matters, which shall be decided in consultation with the Lead Manager to the Rights Issue.The Bank is moving away from large corporates and decided to grow its SME and retail portfolios, where stronger focus will be lent to gold loans, home loans and SME credit, among others.At present, the corporate portfolio accounts for 51 per cent and the Bank wanted to bring it down to 47-48 per cent by the end of this fiscal.Lakshmi Vilas Bank has surpassed the Rs 50,000 crore ..

Lakshmi Vilas Bank tanks over 10% post Q4 results on profit booking

The stock dipped 10.7% to Rs 175 on BSE in early morning trade on profit booking.

Lakshmi Vilas Bank Q4 net up 6.29%

The net profit of the bank surged 42 per cent to Rs 256.07 crore

Lakshmi Vilas Bank Q4 profit up 6%, at Rs 52 cr

Total income rises 14% to Rs 865 cr, gross NPAs rise to 2.67% from 1.97%

Lakshmi Vilas Bank announces recruitment drive for probationary officers

The last date to apply online April 17, 2017

Rs 3 cr fine imposed on Lakshmi Vilas Bank for contravention of RBI rules

Complaint against the bank was made regarding irregularities in bill discounting and purchasing

Lakshmi Vilas Bank raises Rs 168 cr through QIP

Equity shares were priced at Rs 140

Lakshmi Vilas Bank raises Rs 168 crore via QIP

The bank is also looking at improving its branch network

Lakshmi Vilas Bank to go for revamp, boost lending vertical

Steps up focus on retail and technology

Lakshmi Vilas Bank net profit up 45% at Rs 65 cr

Total income up 19%; sharp rise in NPA due to slippage, bill discounting fraud

Lakshmi Vilas Bank expects 20% rise in business FY17

Bank also aims to add 60 branches during this financial year

Lakshmi Vilas Bank net profit up 22%

NPA experienced a decline in the fourth quarter of FY16.