Credit rating agency -- Brickwork Ratings has downgraded Lakshmi Vilas Bank's Unsecured Redeemable Non-Convertible Subordinated Lower Tier II Bonds - Series VII (Option B) of Rs 50.50 crore to) to ‘B+’ (Credit Watch with Negative Implications) from ‘BB+’ (Credit Watch with Developing Implications) .
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.