Lakshmi Vilas Bank (LVB) is planning to raise up to Rs 1,500 crore to fund business growth and increase foreign shareholding to up to 74 percent. The bank will seek approval for the proposals from its shareholders in the upcoming annual general meeting (AGM) on September 25, 2020 which will take place through audio/visual means due to the coronavirus pandemic. The bank has been exploring various options for raising funds for augmenting the tier-I capital to support business growth as directed by the RBI.
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.
