Don’t miss the latest developments in business and finance.

Dhanlaxmi Bank Oct-Dec net loss widens to Rs 22 cr

Image
Press Trust of India New Delhi
Last Updated : Feb 08 2018 | 9:05 PM IST
Private sector Dhanlaxmi Bank today posted widening of net loss to Rs 21.7 crore for the quarter ended December 2017.
The bank's net loss stood Rs 8.1 crore in the year-ago period.
Total income of the bank during October-December 2017-18 also declined to Rs 270.11 crore, down from Rs 290.22 crore a year-ago, the bank said in a regulatory filing.
There was an improvement in bank's asset quality with gross non performing assets (NPAs) falling to 6.96 per cent of gross advances during the quarter, from 7.59 per cent a year ago.
During the quarter under review, net NPAs were 4.08 per cent as against 2.90 per cent in the previous fiscal.

Also Read

First Published: Feb 08 2018 | 9:05 PM IST

Next Story