BANKING
| Lakshmi Vilas Bank Q1 net profit marginally up at Rs 25 cr Thu, 09 Aug 2012 19:36:17 +0530 |
| Business Standard Economy Policy News Tamil Nadu-based Lakshmi Vilas Bank today logged a marginal rise in net profit for the first quarter ended June 30, at Rs 25.23 crore compared to the same period in the previous year. Its net profit stood at Rs 24.58 crore in the year-ago period, the private sector bank said in a release issued here. Total income of the bank saw a growth of 25% at Rs 461.25 crore compared to Rs 369.94 crore in the corresponding quarter of the previous year. The total interest income for the quarter ended June 30, grew by 25% to Rs 419.06 crore against Rs 335.77 crore in the corresponding period of previous financial year. Other income for Q1 FY13 also grew by 24% at Rs 42.19 crore from Rs 34.17 crore in the same period last year. Deposits were at Rs 14,136 crore from Rs 11,844 crore of the corresponding period of previous fiscal, reflecting 19% growth. Gross advances grew 25.61% to Rs 10,504 crore from Rs 8,362 crore in the previous year. Total business has grown to Rs 24,640 crore from Rs 20,206 crore of the corresponding period of previous fiscal, an increase of 22%. Gross investment of the bank increased from Rs 4,070 crore to Rs 4,272 crore, registering year-on-year growth of 5%. Its Capital Adequacy Ratio (CAR) was at 13.51%, as per BASEL-II. The bank's shares slumped by 5.93% to end at Rs 70.65 apiece on the BSE. |
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