Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
25 April, 2018 08:05 IST
Lakshmi Vilas Bank Q2 profit dives 84% on higher provisioning
Source: IRIS | 12 Oct, 2017, 10.15AM
Comments  |  Post Comment

Lakshmi Vilas Bank, a private sector banking institution, Wednesday reported a 83.81% fall in net profit at Rs 105.01 million for the second quarter ended September 30, 2017 from Rs 648.45 million in the same period last year.

Total income of the bank increased 8.67% to Rs 9.02 billion during the quarter from Rs 8.30 billion in the corresponding period last year.

The bank has made provision of Rs 1873.80 million, which was higher by 2.99 times from prior year period to Rs 625.7 million.  

The bank's total Capital Adequacy Ratio (CAR) as per Basel III guidelines, was at 10.57% as at September 30, 2017 as against 10.10% as at September 30, 2016.

Shares of the bank declined Rs 7, or 4.97%, to trade at Rs 133.95. The total volume of shares traded was 103,004 at the BSE (10.05 a.m., Thursday).



Lakshmi Vilas Bank Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Network18 Media & Investments loss widens in Jan-Mar quarter - 24-Apr-2018 15:06
Network18 Media & Investments loss widens in Jan-Mar quarter - 24-Apr-2018 15:06
Coromandel International quarterly profit plunges 49% - 24-Apr-2018 14:55
Coromandel International quarterly profit plunges 49% - 24-Apr-2018 14:55
Bharti Infratel quarterly profit climbs 1.58% - 23-Apr-2018 18:10
Bharti Infratel quarterly profit climbs 1.58% - 23-Apr-2018 18:10
HDFC Bank Q4 net grows 20% to Rs 47.99 bn - 23-Apr-2018 10:17
HDFC Bank Q4 net grows 20% to Rs 47.99 bn - 23-Apr-2018 10:17
TCS Q4 earnings grow 5.7% sequentially to Rs 69.04 bn - 20-Apr-2018 10:00
TCS Q4 earnings grow 5.7% sequentially to Rs 69.04 bn - 20-Apr-2018 10:00
IndusInd Bank Q4 profit grows 27% to Rs 9.53 bn - 19-Apr-2018 13:40
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer