Dhanlaxmi Bank Reports Rs 8 Crore Loss in Q1 FY24

New Delhi, Aug 12 (PTI) Dhanlaxmi Bank on Monday reported a loss of Rs 8 crore for the first quarter of the current financial year.

Against this, the bank had earned a net profit of Rs 28 crore in the April-June quarter of FY24.

The bank's total income declined to Rs 338 crore in the first quarter as against Rs 341 crore in the same period a year ago, Dhanlaxmi Bank said in a regulatory filing.

During the quarter the bank earned interest income of Rs 306 crore as against Rs 289 crore in the same period a year ago.

The bank's gross non-performing assets (NPA) of the total advances declined to 4.04 per cent in the first quarter from 5.21 per cent at June-end last year.

However, net NPAs rose to 1.26 per cent in June 2024 against 1.09 per cent same period a year ago.