New Delhi, August 10: Lakshmi Vilas Bank, a private sector bank based in India, reported net Profit of Rs 252.3 million for the April-June quarter of FY13, up from Rs 245.8 million for the corresponding quarter of the last fiscal.
The bank's total income for Q1 grew 25% on-year to Rs 4.61 billion from Rs 3.7 billion in same period a year-ago.
LVB's total interest income for the quarter ended June 2012 grew 25% on-year to Rs 4.2 billion against Rs 3.36 billion in the corresponding period of last fiscal.
Bank's other income for Q1 grew 24% on-year to Rs 421.9 million from Rs 341.7 million in Q1 of last fiscal.
LVB's deposits for the reporting quarter grew 19% to Rs 143.6 billion from Rs 118.44 billion in the corresponding period of previous FY.
Bank's gross advances at the end of June stood at Rs 105.04 billion, up 25.61% from Rs 83.62 billion as at June 30, 2011.
LVB's total business has grown to Rs 246.4 billion, rising 22% from Rs 202.06 billion of the corresponding period of previous FY.
Bank's gross and net NPA as of June, 30, 2012 was at 3.58% and 2.21% respectively against 2.98% and 1.74% respectively as at March 31, 2012.
Bank's gross investment increased rose 5% from Rs 40.70 billion to Rs 42.72 billion. LVB's Capital Adequacy Ratio at 13.51 %, as per BASEL-II. (12.10 % under BASEL-l) against 13.10% (12.08% as per BASEL-I) as at March 31, 2012.
Lakshmi Vilas Bank, with network of 291 branches and 581 ATM across 15 states, serves over 2 million customers.