Dhanlaxmi Bank Reports Rs 8 Crore Loss in Q1 FY24

Aug 12, 2024 15:02

Dhanlaxmi Bank reported a Rs 8 crore loss in Q1 FY24, a decline from Rs 28 crore profit in the previous quarter. Total income decreased, but interest income rose. Gross NPAs declined, but net NPAs increased.

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.

Source: PTI

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Dhanlaxmi Bank Reports Rs 8 Crore Loss in Q1 FY24

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