Lakshmi Vilas Bank on Thursday reported a 572 per cent increase in net profit at Rs 22.47 crore for the financial year 2005-06 as against Rs 3.34 crore posted in the last fiscal.
The bank's business volume during the fiscal stood at Rs 7,289.20 crore against Rs 5,813 crore last year.
Speaking about expansion plans, Chairman and CEO R M Nayak said they are planning to add 23 more branches during the current fiscal. The bank expects business volume to grow to Rs 10,000 crore.
Currently the bank has 228 branches.
The bank's business volume during the fiscal stood at Rs 7,289.20 crore against Rs 5,813 crore last year.
Speaking about expansion plans, Chairman and CEO R M Nayak said they are planning to add 23 more branches during the current fiscal. The bank expects business volume to grow to Rs 10,000 crore.
Currently the bank has 228 branches.
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