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CARE revises Lakshmi Vilas Bank’s bond rating

21 Nov 2020 Evaluate

Credit rating agency -- CARE has revised the rating of Lakshmi Vilas Bank’s (LVB) Unsecured Redeemable Non Convertible Subordinated Lower Tier II Bonds to BB- from BB- negative (Double B Minus; Outlook ; Negative) and Proposed Basel III compliant Additional Tier I Perpetual Bond Issue of the Bank revised to B- from B- negative (single B Minus; Outlook ; Negative).

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 784.50
ICICI Bank 1569.95
Axis Bank 1320.00
Kotak Mahindra Bank 481.05
Indusind Bank 904.00
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