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CARE revises rating assigned to bank facilities of Lakshmi Vilas Bank

04 Mar 2015 Evaluate

Credit rating agency, CARE Ratings has revised the rating for Lakshmi Vilas Bank’s Tier II Capital of Rs 30 crore (Series V), Rs 250 crore (Series VII) and Rs 78.10 crore (Series VIII) from ‘BBB+’ to ‘A-‘.

Lakshmi Vilas Bank currently has a network of 299 branches and 6 extension counters, spread over 15 states and the union territory of Puducherry. The bank’s focus is on customer delight, by maintaining high standards of customer service and amidst all these new challenges.

Peers
Company Name CMP
HDFC Bank 729.45
ICICI Bank 1332.00
Axis Bank 1186.50
Kotak Mahindra Bank 405.30
Indusind Bank 920.20
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