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Brickwork Ratings downgrades Lakshmi Vilas Bank's bonds rating

08 Oct 2020 Evaluate

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.

Peers
Company Name CMP
HDFC Bank 708.60
ICICI Bank 1382.60
Axis Bank 1234.70
Kotak Mahindra Bank 438.85
Indusind Bank 866.50
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