Private sector Lakshmi Vilas Bank has recorded a 70.1 percent rise in its Profits After Tax for the third quarter ending December 31, 2016 to Rs 78.38
Private sector Lakshmi Vilas Bank has recorded a 70.1 percent rise in its Profits After Tax for the third quarter ending December 31, 2016 to Rs 78.38 crore. The Tamil Nadu based bank had recorded PAT at Rs 46.07 crore during the corresponding period of last year. For the nine month period ending December 31, 2016, PAT surged 55.4 percent to Rs 203.91 crore from Rs 131.16 crore registered during the year ago period, the bank said in a BSE notification. Total income for the October-December 2016 period went upto Rs 879.26 crore from Rs 723.05 crore registered during year ago period. Total income for the nine month period ending December 31, 2016 soared to Rs 2,484.43 crore from Rs 2,113.99 crore registered during the year ago period. Total deposits during the nine month period ending December 31, 2016 rose to Rs 27,750.59 crore upby 15.93 percent, from Rs 23,937.67 crore registered during the same period of last year. As on December 31, 2016, gross NPA stood at 2.78 percent while net NPA was 1.82 per cent. Shares of the bank ended at Rs 138.65 a piece, down by 0.11 percent over the previous close in BSE.
