Lakshmi Vilas Bank (LVB) is in talks with investors to mop up Rs 1,000 crore additional capital. The nearly 100-year-old LVB is looking at ways to bolster its capital adequacy ratio and the merger deal with Aion Capital-backed non-banking financial company Clix Capital would bring in Rs 1,900 crore for the bank. The bank needs capital to grow and make profit. The bank got Clix as they have expressed their interest to merge with the bank. The advantage is that they are capital surplus and bank is capital deficit.
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.
