The Hindu Business Line : Lakshmi Vilas Q3 net up 61%

Lakshmi Vilas Bank has clocked a 61-per cent increase in its net profit for the quarter ended December 2006. While the net profit has increased to Rs 3.09 crore (Rs 1.92 crore), its operating profit went up by 137 per cent to Rs 19.03 crore (Rs 8.54 crore). Its total income grew by 37 per cent to Rs 125.25 crore (Rs 91.66 crore). The interest on advances grew to Rs 78.86 crore (Rs 53.11 crore), up 49 per cent.

According to the bank's Chairman, Mr R.M. Nayak, LVB registered a 30.13 per cent year-on-year growth in deposits to reach Rs 4,687.27 crore and its credit portfolio expanded 44 per cent to Rs 3,411.20 crore.

More Stories on : Financial Performance | Private Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee gains marginally

`Rate hike will check demand pressures'

PNB net up 16% in Q3

Lakshmi Vilas Q3 net up 61%

Home loans unaffected for the moment

Co-operative bank to provide housing loans to Bengal Govt staff

RBI fiat on short selling of gilts

RBI hikes repo rate by 25 bps

PNB to trim Govt stake to 51%

`Telecom sector has a key role in achieving financial inclusion'

S&P upgrades IRFC rating

Bond prices rally by over a rupee

Call rates close higher

Panel to take up transfer of RBI stake in SBI, Nabard today