Private sector lender Lakshmi Vilas Bank has announced a 18.03% rise in its net profits for the second quarter of this fiscal.

The net profits of the bank for the June-September quarter stand at Rs 29.12 crore.

There has been a rise in total incoem of the bank to Rs 411.49 crore as against Rs 295.95 crore for the same period in the fiscal prior to this.

There has been a dip in the gross NPA level of the bank to Rs 197.12 crore in comparison to Rs 236.62 crore in teh same quarter last fiscal.