Lakshmi Vilas Bank Total Business

I want to know the total business of Lakshmi Vilas Bank so can you please tell me?

[Shaleen]

Lakshmi Vilas Bank was established on November 3, 1926 under the Indian Companies Act, 1913, and obtained the certificate to commence business on November 10, 1926.

The Bank's asset size as on March 31, 2015 was to the tune of Rs.24,705 crores, with total income of Rs.2,498.57 crores.

They maintained deposits of over Rs.21964.21 crores with us as on March 31, 2015.

The operating profit for the same year was to the extent of Rs.376.44 crores; its growth rate at 21.83% during the year being one of the highest among peer banks.

During the Financial year ended 31.3.2015 they made net profit of Rs. 132.29 crs.

Lakshmi Vilas Bank (LVB) has reported a 90.54 per cent growth in net profit to Rs 40.07 crore during the fourth quarter ended March 31, 2015 from Rs 21.03 crore, a year ago.

Gross advances increased from Rs 13,037.70 crore to Rs 16,512.84 crore registering Y-O-Y growth of 26.65 per cent.

Total deposits rose from Rs 18,572.88 crore in Fiscal 2014 to Rs 21,964.21 crore, registering Y-o-Y growth of 18.26 per cent.

Gross NPA declined from 4.19 per cent to 2.75 per cent and Net NPA from 3.44 per cent to 1.85 per cent.