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Lakshmi Vilas Bank gets nod to raise up to Rs 500 crore through rights issue

15 Oct 2020 Evaluate

Lakshmi Vilas Bank (LVB) has received approval from board of directors for raising of funds by issuance and allotment of equity shares or such other eligible securities of the Bank, for an aggregate amount of up to Rs 500 crore, by way of a rights issue, on such terms (to be decided by the Board or a duly constituted committee of the Board at a later date).

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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