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20 October, 2017 23:49 IST
Lakshmi Vilas Bank Q2 profit dives 84% on higher provisioning
Source: IRIS | 12 Oct, 2017, 10.15AM
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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)*

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