Lakshmi Vilas Bank writes off bonds worth Rs 318.20 crore

The Lakshmi Vilas Bank Ltd. - (Amalgamation) | Bank - Private | BFSI | BSE: 534690 | NSE: LAKSHVILAS

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	729.45
ICICI Bank	1332.00
Axis Bank	1186.50
Kotak Mahindra Bank	405.30
Indusind Bank	920.20
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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