Lakshmi Vilas Bank Ltd.(Amalgmated)

NSE: LAKSHVILAS | BSE: 534690 | ISIN: INE694C01018 | Industry: Banks
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Chola Wealth Direct
by 245bps YoY(-6bps QoQ) to 4.27%. In absolute terms, GNPA increased by 11.7% QoQ to INR 14.3bn and NNPA increased by 6.8% QoQ to INR 10.6bn. Surge in bad loans was driven by higher slippages of INR 2.9bn, in the quarter (top 3 accounts constitute ~INR 1.8bn).The bank had created a watch-list' in 1QFY18 comprising of ~40 big ticket size accounts(~25% from metals and ~15% from infrastructure industry), slippages were almost entirely...
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