India's Dhanlaxmi Bank slips as profit falls, loan provisions spike

Dhanlaxmi Bank

04/08/2020 07:23

** Shares of lender  DNBK.NS  fall as much as 5% to 12.3
rupees, their biggest pct loss in three weeks
    ** Bank June quarter profit falls to 60.9 mln rupees
($811,134.79) from 198.4 mln rupees a year earlier  urn:newsml:reuters.com:*:nFWN2F50OD
    ** Provisions for bad loans nearly quadruple to 370.2 mln
rupees during qtr; asset quality worsens
    ** Stock fell 10.4% this year, as of last close


($1 = 75.0800 Indian rupees)

 (Reporting by Derek Francis in Bengaluru)
 ((Derek.francis@thomsonreuters.com))