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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 729.45
ICICI Bank 1332.00
Axis Bank 1186.50
Kotak Mahindra Bank 405.30
Indusind Bank 920.20
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