Total Business improved to Rs.21,626 cr, registering a y-o-y growth of 37%.
Lakshmi Vilas Bank’s Net profit for the second quarter stood at Rs.29.12 crores, registering a growth of 18%, against Rs 24.68 crores in the second quarter during last year.
Total interest income grew from Rs. 255.79 crores (September 10) to Rs.380.11 crores in the second quarter of the current financial year, posting a growth of 48.60%.
Total Income of the bank for the second quarter ended September 2011 has registered a growth of 39.04% to Rs 411.50 crores from Rs.295.95 crores during the same period of year 2010-11.
Deposits rose from Rs.9,350 crores (September 10) to Rs.12,813 crores registering y-o-y growth of 37% and an annualized growth of 30% over March'11.
Credit portfolio expanded from Rs. 6,454 crores (September 10) to Rs.8,813 crores registering a y-o-y growth of 37% and an annualized growth of 15% over March'11.
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The Total Business Mix improved to Rs.2,1626 crores from Rs.15,804 crores (increase by 37% year on year basis).
Retail Deposits registered a growth of 42% growing from Rs. 5,290 crores to Rs. 7,486 crores.
Gross NPA at 2.24% and Net NPA at 1.09% are lower compared to 4.08% and 2.85% as of 30th September 2010, marginally higher over the first quarter of FY12 (2.09% and 0.98% respectively).
The Capital Adequacy Ratio stood at 11.59%, as per Basel II.
The Bank has a national presence serving over 1.81 million satisfied customers through its 274 branches, spread across 15 States and 1 Union Territory. The bank has a network of 381 ATMs; however, customers can access over 83000+ ATMs across the country. The Bank continues to invest behind its network for improved reach and customer service.