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.
Lakshmi Vilas Bank (LVB), a private sector Bank in its transformational journey, has come out with impressive results for the period ended 30th September 2014.
Quality of Assets: The asset quality of the bank has improved by reducing the Gross NPA by 150 bps from 5.22% as on ... (more)
Lakshmi Vilas Bank has revised the interest rates on savings bank accounts with an account balance of INR one lakh and above to 5 percent in comparison to an interest rate of 4% offered by the bank earlier.
An increased rate of 5% will be offered to all customers on entire balance in accou... (more)
