Why could Vilas not read
?
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The lender has been dogged by high bad loans and the attendant regulatory curbs since 2019. The bank had posted a net loss of ₹112.28 crore in the June 2020 quarter. Almost a fourth of its advances are dud assets now, with gross non-performing assets of 25.40 per cent as of June-end, against 17.30 per cent a year ago.Oct
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'Merger or strategic investor could turn around loss-making Lakshmi Vilas Bank's fortunes' ... In the case of Lakshmi Vilas Bank, just meeting the liquidity ratio is not enough. ... In a sudden turn of events that deepened the crisis at Lakshmi Vilas Bank.
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