Lakshmi Vilas Bank Q2 FY10 : Net grows 90%

by khalid on 17/10/2009 · 0 comments

Lakshmi Vikas Bank

Lakshmi Vilas Bank posted net profit at Rs 3.83 crore in the Q2 of current fiscal. The bank had recorded a net profit of Rs 2.01 crore in the corresponding quarter of the last fiscal. This is a increase of 90% in profit.

The Total income of the bank rose to Rs 117.33 crore at the end of Q2, from Rs 94.06 crore in the corresponding quarter a year ago and this is a growth of 24.73% .

Lakshmi Vilas Bank is a small-size old private sector bank with a strong presence in South India; 70 per cent of its branches are in Tamil Nadu.

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