QUARTER JUNE 2018 Lakshmi Vilas Bank Business increased by Rs.5,888 crore - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, July 28, 2018

QUARTER JUNE 2018 Lakshmi Vilas Bank Business increased by Rs.5,888 crore

Lakshmi Vilas Bank


Major Performance Highlights..!

ü  Business increased by Rs.5,888 crore (11.17%) from Rs.52,712crore to Rs.58,600crore Y-O-Y.
ü  CASA portfolio has grown by Rs.1,256crore from Rs.5,708 crore to Rs.6,964 crore. CASA % stood at 21.45% as on 30.06.2018 as against 19.36% as on 30.06.2017.
ü  NII stood at Rs.130 crore Vs Rs.120crore Q-O-Q.
ü  NIM stood at 1.48% Vs 1.34% Q-O-Q.
ü  Operating Profit at Rs.6.76 crore Vsoperating loss of Rs.69.25 crore Q-O-Q.
ü  Capital Adequacy Ratio (Basel III) stood at 9.45% Vs 9.81% Q-o-Q.

Lakshmi Vilas Bank (LVB), a private sector Bank, has reported its FirstQuarter results for the current financial year today.


± Total Business of the bank reached `58,600.39crore as of 30/06/2018, showing an increase of 11.17%, Y-o-Y.
± Gross Advancesincreased from `23,236.19crore to `26,127.13 crore registering Y-O-Y growth of  12.44%.
± Total Deposits rose from`29,475.53 crore as on 30/06/2017 to `32,473.26 crore as on 30/06/2018, registering Y-o-Y growth of 10.17%.
± CASA grew from `5,707.69 crore to `6,963.93 crore, registering Y-o-Y growth of 22.01%.
± CASA as a percentage to deposits stood at 21.45%from 19.36% a year ago.
± Net Interest Income (NII) for the quarterdecreased from `217.73crorein Q1 FY18 to `130.20crorein Q1 FY 19 but was higher than Rs. 120.47 crore in the last quarter of FY 18.
± Net Interest Margin (NIM) of the bank stood at 1.48% as of 30/06/2018 as against 2.74% as of 30/06/2017.
± Cost to Income ratio stood at 96.46% (Previous year 46.90%) as against 143.62% in Q4 FY 18.
± Net Loss for the Bank wasRs123.87 crore for the quarter ended 30/06/2018as against a profit of Rs66.12 crore in the corresponding quarter in the previous year, but has vastly improved from the net loss of Rs. 622.25 crore in the last quarter of FY 18.

Capital Adequacy:
The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines, was at 9.45% as at 30/06/2018as against 11.67% as at 30/06/2017.


The Gross NPA stood10.73% as on 30/06/2018, up from 3.78% as on 30/06/17. Sequentially, it has gone up from 9.98%as on 31/03/2018. Net NPA stood at 5.96%, up from 2.84 % in the corresponding period of the previous year, and sequentiallyup from the 5.66% in March 2018. The provision coverage ratio is at 55.80 % (51.32%/55.07%).

New Inititatives

       First BC operations for asset origination commences operation in the east of India. Bank intends to grow this rapidly and considers Eastern India as a major focus area
      Agri based Gold Loan subvention scheme started by the Bank. This helps the customer to avail upfront subsidy in terms of interest rate
    Dynamic Flexi Current account relaunched. It has received a warm response from customers.
 All ATM’s have been enabled with phone number based IMPS transaction facility.


As on30/06/2018, Bank has 561 branches, 5 Extension Counters, 1031 ATMs in 18 states and 1 union territory, the Bank offers various bouquets of products and services. The Bank is committed to build a sustainable business over the long term and upholding high standards of customer service - Life Smiles Where LVBServes.

The Board of Directors of The Lakshmi Vilas Bank Limited approved the financial results for the quarter ended 30/06/2018at their meeting held in Chennai on 26thJuly, 2018.

Managing Director & CEO

QUARTER JUNE 2018 Lakshmi Vilas Bank Business increased by Rs.5,888 crore Reviewed by S Chitra on July 28, 2018 Rating: 5 Lakshmi Vilas Bank FINANCIAL RESULTS FOR THE QUARTERENDED 30 TH JUNE 2018 Major Performance Highlights..! ü   Business incre...

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