In compliance with the applicable regulations of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, Lakshmi Vilas Bank has informed about the revision in rating assigned by the Credit Rating Agency, Credit Analysis and Research Limited (CARE) vide letter dated 01.06.2018 from CARE A- to CARE BBB+ for Unsecured Redeemable Non-Convertible Subordinated Lower Tier II Bonds - Series VII (Option B), VIII , IX, X of Rs 50.50 Crores, Rs 78.10 crores, Rs 140.10 and Rs 100 crores respectively vide its letter dated June 4, 2018.
The above information is a part of company’s filings submitted to BSE.
