Lakshmi Vilas Bank is expecting to return to profitability and come out of the prompt corrective action (PCA) framework by the end of the next financial year (FY21). In the December 2019 quarter, the bank has seen some improvement in asset quality with no new non-performing assets (NPAs) being added.
The bank, whose planned merger with the Indiabulls Group was scuttled by the regulator last October, has been under the Reserve Bank's PCA framework since September 2019 curbing regular lending and other operations.
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.
