Lakshmi Vilas Bank Ltd.(Amalgmated)

NSE: LAKSHVILAS | BSE: 534690 | ISIN: INE694C01018 | Industry: Banks
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Chola Wealth Direct
Fresh slippages were noted at 1.12b n (Largely due to three large accounts out of which two were restructured accounts that slipped into NPA - one metal and one steel); with recoveries for the quarter amounting to 140mn. Management indicated that a spike in write off (amounting to INR 680mn) was only a prudential write off for the purpose of tax benefit. There was no implementation...
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