Lakshmi Vilas Bank Q3 net up 70% at Rs 78 cr

Lakshmi Vilas Bank today reported an increase of 70.13 per cent in net profit at Rs 78.38 crore for third quarter ended December, 2016-17.
The private sector lender's net profit in the October- December quarter of previous fiscal stood at Rs 46.07 crore.
"Total income of the bank grown by 21.60 per cent to Rs 879.26 crore during the period under review, as against Rs 723.05 crore a year ago," it said in a release.
Interest income grew by 11.52 per cent to Rs 729.04 crore, from Rs 653.72 crore year ago.
Total deposits of the bank rose to Rs 27,750.59 crore as on December 31, 2016, registering year on year growth of 15.93 per cent from Rs 23,937.67 crore.

Gross non-performing assets and net NPAs of the bank were at 2.78 per cent and 1.82 per cent respectively at the end of the December quarter of current fiscal.
The ratios were 1.82 per cent and 0.80 per cent on gross and net basis in the year ago period.
The Lakshmi Vilas Bank stock closed 0.11 per cent down at Rs 138.65 on BSE.