Dhanlaxmi Bank reported a healthy growth of 81.6 percent year-on-year in September quarter profit at Rs 22.1 crore, with sharp fall in non-performing assets.The growth was driven by strong operating profit, other income and NII. The lender had reported profit at Rs 12.1 crore in year-ago period.Net interest income, the difference between interest earned and interest expended, grew by 15.1 percent to Rs 100.6 crore YoY in Q2FY20, with loan growth at 7.2 percent YoY.Close The bank showed substantial improvement in asset quality with gross non-performing assets (NPA) as a percentage of gross advances falling 55bps sequentially to 7.06 percent. related news Unichem Labs Q2 net loss narrows to Rs 22.2 cr Escorts Q2 net profit at Rs 101.5 crore Earnings hits & misses: Check out the top 10 companies which have declared Sept quarter results this week Net NPA as a percentage of net advances dropped 70bps QoQ to 1.65 percent in quarter ended September 2019.Provisions and contingencies for the quarter stood at Rs 25.38 crore against writeback of Rs 18.19 crore in corresponding period previous fiscal.Dhanlaxmi reported other income at Rs 23.51 crore against loss of Rs 17.92 crore in same period last year and operating profit at… Read full this story
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Dhanlaxmi Bank Q2 profit jumps 82%, net NPA falls sharply have 230 words, post on www.moneycontrol.com at October 31, 2019. This is cached page on Sport News. If you want remove this page, please contact us.