Lakshmi Vilas Bank has resolved to seek the permission of the Reserve Bank of India (RBI) in increasing the promoters’ holding up to 25% of the bank’s Paid-Up Capital and Individual Group Holding up to 10% of the Paid-Up Capital. The board of directors at their meeting held on September 03, 2015 have taken note of it.
Lakshmi Vilas Bank operations are spread over a network of 404 branches (plus 7 extension counters) with PAN India presence, supervised by 11 Regional Offices. The bank’s asset size as on March 31, 2015 was to the tune of Rs 24,705 crore, with total income of Rs 2,498.57 crore.
