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
21 September, 2018 11:52 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
Company Update
Fitch revises outlook on Tata Motors to negative; affirms at BB+ - 21-Sep-2018 10:55
State Bank of India and QCI sign MoU on Zero Defect Zero Effect Certification for MSMEs - 21-Sep-2018 09:50
TCS partners with The Training Room, UK - 21-Sep-2018 09:46
Strides Pharma Science gets ACCC approval for merger of Arrow and Apotex Australia - 20-Sep-2018 10:15
Bajaj Finserv ties up with Wochit - 20-Sep-2018 10:09
Glenmark Pharma inducted into DJSI Emerging Market 2018 - 19-Sep-2018 12:09
TVS Motor Co strengthens presence in Mexico - 19-Sep-2018 11:56
Himachal Futuristic Communications bags order worth Rs 6.11 bn - 19-Sep-2018 11:52
Tata Steel completes acquisition of Creative Port Development - 19-Sep-2018 11:48
SABIC acquires 24.99% stake in Clariant globally - 19-Sep-2018 11:45
Tata Power launches its VoiceBOT TINA - 19-Sep-2018 11:42
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