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Dhanlaxmi Bank Q3 net loss widens to Rs 22 crore

8 February, 2018 4:23 PM
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Dhanlaxmi Bank Q3 net loss widens to Rs 22 crore

The bank's net loss stood Rs 8.1 crore in the year-ago period.

Private sector Dhanlaxmi Bank posted widening of net loss to Rs 21.7 crore for the quarter ended December 2017.

Total income of the bank during October-December 2017-18 also declined to Rs 270.11 crore, down from Rs 290.22 crore a year-ago, the bank said in a regulatory filing.

There was an improvement in bank's asset quality with gross non performing assets (NPAs) falling to 6.96 per cent of gross advances during the quarter, from 7.59 per cent a year ago.

Also read: IDBI bank Q1 net loss at Rs 2,410 crore, NPAs rise

Source: moneycontrol.com

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