Dhanlaxmi Bank turns black in Q1
17th Jul 2019

Dhanlaxmi Bank has reported results for first quarter ended June 30, 2019.

The Bank has reported net profit of Rs 19.84 crore for the quarter under review against net loss of Rs 44.99 crore for the same quarter in the previous year. Total income of the Bank increased by 0.15% at Rs 256.75 crore for Q1FY20 as compared Rs 256.36 crore for the corresponding quarter previous year. 

The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 7.61%, as compared to 8.94% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.35% in Q1FY20.