Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
24 September, 2018 12:12 IST
Lakshmi Vilas Bank Q2 profit dives 84% on higher provisioning
Source: IRIS | 12 Oct, 2017, 10.15AM
Comments  |  Post Comment

Lakshmi Vilas Bank, a private sector banking institution, Wednesday reported a 83.81% fall in net profit at Rs 105.01 million for the second quarter ended September 30, 2017 from Rs 648.45 million in the same period last year.

Total income of the bank increased 8.67% to Rs 9.02 billion during the quarter from Rs 8.30 billion in the corresponding period last year.

The bank has made provision of Rs 1873.80 million, which was higher by 2.99 times from prior year period to Rs 625.7 million.  

The bank's total Capital Adequacy Ratio (CAR) as per Basel III guidelines, was at 10.57% as at September 30, 2017 as against 10.10% as at September 30, 2016.

Shares of the bank declined Rs 7, or 4.97%, to trade at Rs 133.95. The total volume of shares traded was 103,004 at the BSE (10.05 a.m., Thursday).



Lakshmi Vilas Bank Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Tatas to acquire Usha Martin's steel business for up to Rs 47 bn - 24-Sep-2018 10:05
Sequent Scientific to acquire Solara Active Pharma Sciences' EU-GMP API facility - 24-Sep-2018 09:48
Biocon announces successful USFDA inspection of its Bangalore facility - 24-Sep-2018 09:45
Godrej Properties adds a new residential project in Noida, NCR - 24-Sep-2018 09:42
ITD Cementation India wins orders worth Rs 8.45 bn - 21-Sep-2018 15:44
Emami Paper Mills to invest around Rs 20 bn in Gujarat - 21-Sep-2018 15:03
Tijaria Polypipes receives single order worth Rs 353 mn - 21-Sep-2018 13:13
Infosys to open technology and innovation hub in Arizona - 21-Sep-2018 13:08
Pennar Group bags orders worth Rs 1.81 bn - 21-Sep-2018 13:05
TCS recognized as leader in finance and accounting digital augmentation suite - 21-Sep-2018 12:30
Meera lndustries bags order worth USD 105,000 - 21-Sep-2018 12:15
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer