Q2 Results: Lakshmi Vilas Bank Net Loss Widens

Money & Banking

PTI Chennai | Updated on November 09, 2019 Published on November 09, 2019

 Lakshmi Vilas Bank on Saturday reported a net loss at Rs 357.17 crore for the quarter ending September 30, 2019.

The Tamil Nadu-based bank had clocked net loss at Rs 132.30 crore during the year ago period.

For the six month period ending September 30, net loss was at Rs 594.42 crore as against Rs 256.17 crore in the same period last year.

Total income for the July-September quarter was at Rs 665.33 crore as against Rs 800.50 crore, the bank said in a press release.

For the half year period ending September 30, total income was at Rs 1,342.50 crore as against Rs 1,588.00 crore in the year ago period.

Thank you for being a loyal user of Portfolio.

Portfolio will be a paid section hereon.

Please Subscribe to get access to one of our early bird packs. Or click on Free Trial to get 14 days free trial.

What You'll Get

• Web + Mobile

  Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.

---

• Exclusive Portfolio and Investment Advice, Banking, Lifestyle and Specials

  Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others.

---

• Ad free experience

  Experience cleaner site with zero ads and faster load times.

---

• Personalised dashboard

  Customize your preference and get a personalized recommendation of stories based on your interest.

Published on November 09, 2019