Expect recoveries to be higher than slippages hereon, says Lakshmi Vilas Bank

It was a weak quarter for Lakshmi Vilas Bank as it was the only bank to report a double digit decline in business on a year-on-year (YoY) as well as sequential basis. The gross non-performing assets (NPA) increased due to a fall in the loan book. P Mukherjee, MD and CEO of Lakshmi Vilas Bank shared his views and outlook.