Lakshmi Vilas Bank has received an approval for raising funds up to Rs 250 crore through issue of bonds/ debentures/ securities of the Bank on private placement basis. The Board of Directors of the Bank at their meeting held on June 26, 2018, approved the same.
The Board also approved the issue of 15 crore equity shares of Rs 10 each and/or any other securities convertible into equity shares through one or more modes including Qualified Institutions Placement (QIP)/American depository receipts (ADR)/Global Depository Receipts (GDR)/Foreign Currency Convertible Bonds.
Lakshmi Vilas Bank offers a wide range of services such as Deposits, loan, MSME, Online Services, NRI services, Wealth Management Services and Personal banking services etc.
