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Troubled private lender Lakshmi Vilas Bank (LVB) has reported widening of its net loss to Rs 397 crore in the July-September quarter (Q2) because of rise in bad loans and provisions.

The bank had posted a net loss of Rs 357.18 crore in the same month a year ago and Rs 112.28 crore in Q1FY21. Net interest income fell to Rs 420.13 crore, down 27.7 per cent YoY.

Increase in income from other sources at Rs 74.45 crore, against Rs 58 crore last year, helped LVB narrow its operating losses to Rs 5.66 crore in Q2 versus Rs 40.37 crore