Lakshmi Vilas Bank reports 22.79% business growth

Lakshmi Vilas Bank reports 22.79% business growth

CHENNAI: Private sector lender Lakshmi Vilas Bank on Monday said it has registered a total business growth of 22.79 per cent at Rs 15,561 crore

for the financial year ending March 31, 2010.

Last year, the bank's total business stood at Rs 12,673 crore. "The total deposits of the bank rose from Rs 7,358 crore to Rs 9,076 crore, increasing by 23 per cent year-on-year basis," a statement issued by the bank here said.

The Current Account Savings Account deposits of the bank also increased from Rs 1,229 crore to Rs 1,650 crore registering year-on-year growth of 34 per cent, it said.

The bank's credit portfolio expanded from Rs 5,315 crore to Rs 6,485 crore, registering a year-on-year growth of 22 per cent, the statement added.

Lakshmi Vilas currently has 16 lakh customers and has 271 branches spread across 14 states and one union territory, it further said.