Lakshmi Vilas Bank West Bengal IFSC code, MICR code, Address
Lakshmi Vilas Bank branch details in West Bengal
Last Updated 23rd Mar 2017
Lakshmi Vilas Bank has 3 branches in West Bengal spread over 2 districts of Alipurduar, Bankura, Bardhaman, Birbhum, Coochbehar, Dakshin Dinajpur, Darjeeling, East Midnapore, Hooghly, Howrah, Jalpaiguri, Kolkata, Malda, Murshidabad, Nadia, North 24 Parganas, Purulia, Siliguri, South 24 Parganas, Uttar Dinajpur, West Medinipur.
Kolkata district, with 2 branches has the largest number of Lakshmi Vilas Bank branches in West Bengal
District wise distribution of Lakshmi Vilas Bank branches in West Bengal is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the district where the branch is located.
Lakshmi Vilas Bank has tied up with a leading Financial Services company, Centrum Group to provide services to its high net worth clients. Centrum Group will provide professional wealth management and family office services to the high net worth clients of the bank. Centrum Group primarily deals in professional wealth management services which include investment advisory across asset classes, portfolio management services,family office services and tax planning.
Lakshmi Vilas Bank has reported a net profit of over 50 per cent at Rs 60.68 crore in the June quarter of FY17. Total income of the bank in the June Quarter increased to Rs 774.87 crore from Rs 693.05 crore in the same period of previous year. Gross NPAs as a percentage to Total Advances decreased to 2.14 per cent. Net NPAs decreased to 1.3 per cent of the Net Advances as against 1.72 per cent in the same period of previous fiscal. Thus, the provision towards bad loans was also reduced to Rs 35.15 crore June quarter of FY17 as against Rs 50.31 crore in the same period of previous year.
Lakshmi Vilas Bank saw its Q4 profit grow 22.5% to Rs 49.07 crore from strength in its retail and SME lending. The commercial lender Q4 net income increased 14.3% to Rs 758.84 crore from Rs 663.97 crore for the same period last year. The bank is seeing lending opportunities in the pharma and real estate sector. And they are looking at broadening the scope of their agricultural loans. The only possible areas of improvement bank can see are with regard to their CASA deposits and their net interest income.
LVB reported net profit of Rs. 46.07 Cr for the quarter ended December 2015 on fall in bad loans and healthy revenue from retail and corporate banking segments.
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