Dhanlaxmi Bank reported a more than twofold rise in Q1 net profit to Rs 24.9 crore, driven by higher income and lower provisions. Asset quality improved with gross NPAs declining to 1.8%, while operating profit increased 55% year-on-year despite sequential moderation.

Gross NPA as a percentage of gross advances improved to 1.82% during Q1, from 3.22% a year ago

Dhanlaxmi Bank reported a more than twofold rise in Q1 net profit to Rs 24.9 crore, driven by higher income and lower provisions. Asset quality improved with gross NPAs declining…