Chennai: South-based private sector bank, Lakshmi Vilas Bank (LVB) has declared its third quarter results for the current financial year. The bank stated that total business of the bank reached Rs 54,910 crore, as against Rs 55,851 crore, a decrease of 1.68 per cent.
Gross advances of the bank stood at Rs 24,123 crore as against Rs 25,231 crore, a y-o-y decline of 4.39 per cent, a release stated. Total deposits rose from Rs 30,620 crore to Rs 30,787 crore, registering y-o-y growth of 0.55 per cent.
CASA grew Rs 7,036 crore and CASA as a percentage to total deposits stood higher at 22.85 from 21.17 per cent a year ago, a statement from the bank said.
The bank’s total business stood at Rs 54,910 crore while NII for the nine months stood at Rs 419.95 crore.