Ad Here  
August
September
October
November
December
January
 
 
Rane targets Rs.5500 crore topline by 2018-19 Preparing for the next growth curve Nissan exit shouldn’t affect ALL Kone India eyes further growth in elevator market It takes two to tango Wabco launches safety system He excels in the nuts and bolts of entrepreneurship When small is not so beautiful… Tata Motors joins compact SUV bandwagon with Nexon Aurobindo Pharmacy: good turnaround M & M unveils driverless technology for tractors Tata Motors bets on new launches L&T profit up by 11 per cent L & T’s floating dock for navy Ode to Ratan Tata Tata Steel, ThyssenKrupp sign MoU to merge European units Sivasankaran enters taxi space to take on Uber and Ola V-Guard launches app-enabled water heater system AL secures orders for 3600 buses Last stages Vellayan is back, after 150 days Titan Company – sales recovery to kick in Right to privacy – now it’s fundamental! Bajaj Finserv – Q1: fare well Hyundai India achieves 7 mn production at Chennai factory Dish TV – subscriber additions encouraging A niche in FMCG business... Solar installations exceed 2015 capacity in five months Tata Motors aims to be among the Top 3 global CV & PV firm Consolidating leadership position in smartphones ITC – steep excise hike Tata Motors charts investments in PV and CV businesses Emami – a new growth mantra HPCL plans Rs.61,000 crore capex over 5-years Yamaha unveils scooter boutique Welcome focus to improve rural India... Shriram Life clocks more than Rs.1000 crore premium in 2015-16 29 per cent jump in TCS revenues Back in growth mode Record two-wheeler sales Is this a generation gap? Smartphone onslaught by Chinese brands CAPITAL NOTES From the toughest to the best year Daimler grows sales and share in India Smooth sailing of SAIL Gamesa to set up a plant in Nellore Toyota and Suzuki to introduce EVs in India by 2020 Daimler’s truck exports from Chennai cross 5000 units TVS Srichakra plans capacity expansion Eyes strong growth in 2016-17 Land wars AL introduces Guru & Partner Increasing market share Michelin to double Chennai capacity Chinese smart phones flourish in small towns too! L & T set bigger ambitions in defence business E.I.D Parry (India) Ltd: another sweet year Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Forging industry worried over lower supply of steel and its price A welcome initiative-even critics are recognised PSU non-life firms seek to protect share IOB on turnaround path The unexpected exit Mercedes-Benz sales continue to zoom TVS Automobile invests Rs.75 crore in start-up firms Are they really independent? The gainers and the losers Hyundai to focus on SUVs and AMT variants TN government keen on revival of operations at Nokia complex Hindalco – re-rating Carnival Films acquiring 3000 screens pan India Tata gets 4-star rating for Zest ITC chairman calls for policy impetus to transform agriculture RoC in the dock... Sundram Fasteners rejigs international L&T bags the Mumbai Trans-harbour link order New India Assurance posts impressive show LVB posts 31 per cent growth in Q1 net profit AL wins Deming prize again Housing demand revival Maruti – for young buyers PPP model for infrastructure development TI Cycles plans retail expansion to drive sales for premium bicycles Singur minus Nano – victory or folly?
 
LVB posts 31 per cent growth in Q1 net profit

Lakshmi Vilas Bank, has reported 51 per cent increase in its net profit at Rs.60.68 crore for the quarter ended 30 June, 2016, as against Rs.40.26 crore in the same quarter previous fiscal.

Operating profit for the first quarter stood at Rs.125.84 crore as against Rs.107.56 crore, posting an increase of 17 per cent.  Total interest income grew by 11.65 per cent, to Rs.685.66 crore against Rs.614.09 crore in the corresponding period of the previous financial year. Total Income increased by 12 per cent to Rs.774.87 crore from Rs.693.06 crore.

“The quarter has started on a good note for us. Our net profits have doubled (50.72 per cent) from last quarter. The bank will continue its thrust on branch network expansion and by introducing digital initiatives to lower the costs,”  said Parthasarathi Mukherjee, MD & CEO, Lakshmi Vilas Bank.

As on 30 June, its gross and net NPA stood at 2.14 per cent and 1.30 per cent respectively. Return on Assets and Return on Equity stood at 0.84 per cent and 14.96 per cent during Q1 as against 0.65 per cent and 10.76 per cent during Q1 of last fiscal.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com