Lakshmi Vilas Bank Q2 net loss widens

Lakshmi Vilas Bank Q2 net loss widens

Lakshmi Vilas Bank Ltd.’s standalone net loss for the second quarter ended September 2019 has widened to ₹357.18 crore from ₹177.31 crore on account of mounting bad loans and higher provisioning. For the period under review, total income slipped to ₹665.33 crore from ₹800.50 crore, the bank said in a filing. Net interest income contracted to ₹40.37 crore, compared with ₹27.57 crore.

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The Hindu

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