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Lakshmi Vilas Bank writes off bonds worth Rs 318.20 crore

27 Nov 2020 Evaluate

A day ahead of its merger with the Indian arm of Singapore-based DBS Bank, Lakshmi Vilas Bank (LVB) has written off bonds worth Rs 318.20 crore as per the existing provisions. As per the effective date of merger notified by the Reserve Bank of India (RBI), LVB will lose its identity on November 27 as it amalgamates with DBS Bank India.

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 711.00
ICICI Bank 1385.70
Axis Bank 1233.95
Kotak Mahindra Bank 441.85
Indusind Bank 868.25
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