Lakshmi Vilas Bank aims to recover Rs 500 crore over the next 4-5 months

Lakshmi Vilas Bank aims to recover Rs 500 crore over the next 4-5 months

Lakshmi Vilas Bank (LVB), which is addressing its capital issue through merger with DBS Bank India, aims to recover Rs 400-500 crore over the next 4-5 months, said a senior official of the bank. It will largely be through one-time settlement and recovery, said the official. On the other hand, net NPAs or bad loans showed improvement at 7.01 per cent (accounting for Rs 946.72 crore) from 10.47 per cent (Rs 1,772.67 crore).

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