Lakshmi Vilas Bank is founded in 1926 and it has a national presence serving over 2 million customers through its 361 branches spread across 15 states and one Union territory, and total ATM network of 636 as on 31.08.2014. The bank continues to invest on increasing its network for improved reach and customer services.
The bank is active across the entire spectrum of customer segments - retail, mid-market and corporate. Through its branches, the bank also offers a host of para-banking products in association with Life and General Insurance companies, mutual funds, stock broking houses, money remittance companies, etc. on a technologically advanced platform.
Major Performance Highlights
Net Profit up by 36.25%, Y-o-Y.
Operating Profit increased by 13.82%, Y-o-Y.
Business expanded by 17.60% over previous year.
Net Interest Income (NII) recorded 22.53%, Y-o-Y.
ROA & ROE stood at 0.70% and 11.74%, resp... (more)
Lakshmi Vilas Bank, one of India’s fast growing banks, announced revision in the interest rates for savings interest rates for Resident and non-resident savings accounts i.e. domestic, NRE and NRO. The revised rate is effective from April 1, 2016.
Lakshmi Vilas Bank, one of India’s fast growing banks, announced reduction in the base rate from the earlier rate of 10.70% p.a. to 10.55% p.a. The revised rate is effective from February 8, 2016.
Base rate is the benchmark rate to which all lending rates are linked. Th... (more)
Lakshmi Vilas Bank, one of the fastest growing banks in India, has reduced its base rate by 15 basis points (bps). The Bank’s base rate now stands reduced to 10.95% p.a. from the earlier rate of 11.10% p.a. The revised rates will be effective from July, 01, 2015.
Lakshmi Vilas Bank, one of the fastest growing banks in India, today, announced increase in its interest rates on savings accounts to 5 percent up to Rs. 5 lakhs from earlier 4 per cent per annum up to Rs. 1 lakh. The revised interest rates are applicable with effect from June 16, 2015 ti... (more)
Lakshmi Vilas Bank (LVB), a private sector Bank in its transformational journey, has registered the following business performance during the financial year 2014-15 (FY15) in a challenging environment.
Y-o-Y Results:
Net profit for the year increased by 121.74%, from... (more)
Lakshmi Vilas Bank (LVB), one of the leading banks in India and Star Agriwarehousing and Collateral Management Limited (StarAgri), India’s leading agri-services & solutions provider, today announced that they have entered into a strategic tie up for Warehousing Receipt Financing and Colla... (more)
Lakshmi Vilas Bank announces its alliance with National Collateral Management Service Limited (NCML), a major agri-infrastructure player, for collateral management and warehousing services.
These services will enable industry traders and farmers to financing their capital req... (more)
Lakshmi Vilas Bank has celebrated 2nd Feb, 2015 as a BIG DAY. On this Day, the Bank has opened its 400th Branch and 750th ATM at Bommanahalli Bangalore. The Bank which had 362 branches and 636 ATMs at the beginning of the year added another 38 branches and 114 ATMs during the course of the ye... (more)
Reserve Bank of India, Effective 1st November 11, 2014 has come out with guidelines on the No. of free transactions in bank ATMs at Metro locations – New Delhi, Mumbai, Chennai, Kolkata, Hyderabad and Bangalore
However, LVB had extended certain customer friendly provisi... (more)
