Tag Archives: Lakshmi Vilas Bank

Lakshmi Vilas Bank to focus on MSME business

Reported by | Updated: August 22, 2017

Lakshmi Vilas Bank is proposing to give more weightage to its MSME business and aims to target a loan book of Rs 10,000 crore by 2020. The bank has engaged consulting agency McKinsey to advise it on strengthening this business. The bank has Rs5660 crore MSME business as of now and most of the loan […]

Exclusive corporate bank branch from LVB

Reported by | Updated: August 10, 2017

Lakshmi Vilas Bank has opened a branch in Chennai, which is intended to cater to the requirements of corporates only. The bank is aiming to attend to the requirements of the business community in a better manner. The bank said the new branch would cater to the needs of large corporates, MSMEs and government undertakings […]

Lakshmi Vilas Bank, Centrum in wealth management tie-up

Reported by | Updated: February 27, 2017

Lakshmi Vilas Bank and Centrum Group have tied up to offer wealth management services to the bank’s high net worth customers. Under the tie-up, the bank will refer its HNI clients to Centrum Wealth Management, which will then offer the necessary, advice, guidance and products and services to these clients. Centrum Wealth manages assets of […]

LVB to add 450 branches by 2020

Reported by | Updated: May 9, 2016

Lakshmi Vilas Bank will expand its branch network extensively within 2020, according to the bank’s CEO Parthasarathi Mukherjee. He said branches will go to over 500 by the end of 2016-17 and should touch 750 by 2019-20, from 300 at present. Mukherjee, who took CEO post recently, has laid out an extensive 10-year plan to revitalise […]

LVB to raise Rs 400 crore from institutional investors

Reported by | Updated: May 6, 2016

Lakshmi Vilas Bank is planning to raise capitals by selling shares to new institutional investors, according to its MD Parthasarathi Mukherjee. He said the bank will be raising between Rs 300 crore and Rs 400 crore from institutional investors through qualified institutional placement or preferential route. The funds raised will be used to expand balance sheet, […]

LVB to open 50 branches

Reported by | Updated: March 12, 2016

Lakshmi Vilas Bank is planning to open 50-60 new branches in the country in 2016-17. The bank is planning to expand its presence in other states, with special focus on Andhra Pradesh. The bank has a total of 455 branches, out of which 200 is outside TN. Out of this, 48 branches are situated in […]