Dhanlaxmi Bank Q3 Profit Down to Rs 3 Crore - PTI
By Rediff Money Desk, NEWDELHI Feb 02, 2024 21:02
Dhanlaxmi Bank reported a significant drop in net profit to Rs 3 crore in Q3 FY24, down from Rs 22 crore a year ago. The bank's total income, however, increased. Read more.
New Delhi, Feb 2 (PTI) Dhanlaxmi Bank on Friday posted a multi-fold decline in its net profit to Rs 3 crore in the third quarter ended December 2023.
The private sector bank had earned a net profit of Rs 22 crore in the year-ago period.
The lenders' total income increased to Rs 343 crore during the third quarter of the ongoing fiscal as against Rs 312 crore a year ago, Dhanlaxmi Bank said in a regulatory filing.
The interest income of the bank rose to Rs 308 crore compared to Rs 276 crore in the third quarter of the previous year.
Gross Non-Performing Assets (NPAs) of the bank declined to 4.81 per cent of the gross loans by the end of December 2023 from 5.83 per cent a year ago.
Similarly, net NPAs, or bad loans, came down to 1.27 per cent from 1.82 per cent at the end of the third quarter.
Capital Adequacy Ratio of the bank declined to 12.37 per cent over 12.52 per cent at the end of December 2022.
The private sector bank had earned a net profit of Rs 22 crore in the year-ago period.
The lenders' total income increased to Rs 343 crore during the third quarter of the ongoing fiscal as against Rs 312 crore a year ago, Dhanlaxmi Bank said in a regulatory filing.
The interest income of the bank rose to Rs 308 crore compared to Rs 276 crore in the third quarter of the previous year.
Gross Non-Performing Assets (NPAs) of the bank declined to 4.81 per cent of the gross loans by the end of December 2023 from 5.83 per cent a year ago.
Similarly, net NPAs, or bad loans, came down to 1.27 per cent from 1.82 per cent at the end of the third quarter.
Capital Adequacy Ratio of the bank declined to 12.37 per cent over 12.52 per cent at the end of December 2022.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 17.90 ( -3.35)
- 166585989
- Alstone Textiles
- 0.75 (+ 8.70)
- 47681821
- GTL Infrastructure
- 3.27 (+ 4.81)
- 44040612
- Visagar Financial
- 0.91 (+ 12.35)
- 29755394
- YES Bank Ltd.
- 23.70 (+ 0.77)
- 22163699
MORE NEWS
![Indian Economy...](https://im.rediff.com/80-80/money/2020/nov/22economy.jpg)
Indian Economy Growth: Exports, Manufacturing &...
Mumbai, June 30 (PTI) Healthy increase in the country's exports, improvement in the...
![India Launches...](https://im.rediff.com/80-80/news/2020/jul/imports-o.jpg)
India Launches Anti-Dumping Probe on Glass...
New Delhi, June 30 (PTI) India has initiated an anti-dumping probe into the import of...
![IBBI Launches...](https://im.rediff.com/80-80/money/2020/dec/16insolvency.jpg)
IBBI Launches Electronic Forms for Liquidation...
New Delhi, Jun 30 (PTI) To ease the compliance burden for insolvency professionals, and...