Lakshmi Vilas Bank (LVB), a south-based private sector Bank, has declared its results for the Quarter ended 31.12.2019.
Reserve bank of India, vide their letter dated September 27, 2019 has initiated Prompt Corrective Action for Lakshmi Vilas Bank Limited .The Prompt Corrective Action is aimed at improving the performance of the Bank and will not have any adverse impact on the normal day-today operations of the Bank including acceptance / repayment of deposits in the normal course. The Bank managed its liquidity well with the Liquidity Coverage Ratio of over 200%.
As of 31/12/2019, the total Business of the bank was Rs.41,100 crore, CASA as a percentage to total deposits stood higher at 25.88%, the gross NPA stood at 23.27 %, Net NPA reduced to 9.81% from 10.47%.