Lakshmi Vilas Bank net profit rises by 45%; provisions up 86%
Provisions and contingencies was at Rs 62.57 crore, rising by 86.38% yoy and 78% qoq. Gross Non-performing Asset (GNPA) stood at 2.70%, expanding by 81 basis points yoy and 56 basis points qoq.
The bank’s net interest income was at Rs 186.67 crore, increasing by 16.44% yoy and 5.13% qoq. Photo: Youtube