Lakshmi Vilas Bank reports 22.79% business growth

Lakshmi Vilas Bank reports 22.79% business growth

CHENNAI: Private sector lender Lakshmi Vilas Bank on Monday said it has registered a total business growth of 22.79 per cent at Rs 15,561 crore

for the financial year ending March 31, 2010.

Last year, the bank's total business stood at Rs 12,673 crore. "The total deposits of the bank rose from Rs 7,358 crore to Rs 9,076 crore, increasing by 23 per cent year-on-year basis," a statement issued by the bank here said.

The Current Account Savings Account deposits of the bank also increased from Rs 1,229 crore to Rs 1,650 crore registering year-on-year growth of 34 per cent, it said.

The bank's credit portfolio expanded from Rs 5,315 crore to Rs 6,485 crore, registering a year-on-year growth of 22 per cent, the statement added.

Lakshmi Vilas currently has 16 lakh customers and has 271 branches spread across 14 states and one union territory, it further said.

After Uma, Govindacharya quits his organization

After Uma, Govindacharya quits his organization

BHOPAL, April 4: Close on the heels of Uma Bharti’s resignation from the president’s post of her party, Bharatiya Jan Shakti (BJS), her mentor and former Bharatiya Janata Party (BJP) ideologue K.N. Govindacharya has quit as national convenor of his own organisation - Rashtriya Swabhiman Andolan (RSA).He left for Delhi shortly before the organisation’s two-day national executive meet was to begin here Saturday.

Govindacharya’s decision to quit the RSA post was announced at the organisation’s meet on Saturday and Rakesh Dubey was nominated as RSA’s national convener. Govindacharya was the convener of RSA since its founding May 15, 2004, and was devoting his time and energy in working for the Bharatiya Shodh Sansthan, Kautilya Shodh Sansthan and Bharat Vikas Parishad.

The former BJP general secretary and an RSS ideologue had severed ties with the BJP during the Atal Bihari Vajpayee government following his remarks calling the former prime minister a ‘mask’ and Advani the ‘real face’ of the party.Since then, Govindacharya, a patron of the RSS Swadeshi movement, restricted himself to academic activities even after Bharti roped him in 2009 and announced that the BJS would be the political wing of the RSA.