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Lakshmi Vilas Bank Q2 net loss widens to ₹357 cr

Chennai: Private lender Lakshmi Vilas Bank on Saturday reported a net loss at 357.17 crore for the quarter ending September 30, 2019. The Tamil Nadu-based bank had clocked net loss at 132.30 crore during the year ago period. For the six month period ending September 30, net loss was at 594.42 crore as against 256.17 crore in the same period last year.

Total income for the July-September quarter was at 665.33 crore as against 800.50 crore a year ago, the bank said in a press release. For the half year period ending September 30, total income was at 1,342.50 crore as against 1,588.00 crore in the year ago period.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Source: Livemint