Lakshmi Vilas Bank has received an approval to issue and allot equity shares of the bank for an amount aggregating up to Rs 650 crore to the equity shareholders of the bank on a ‘Rights basis’ at such price as may be determined by the board or a committee thereof. The board of directors at its meeting held on January 3, 2014 has approved for the same.
Lakshmi Vilas Bank currently has a network of 299 branches and 6 extension counters, spread over 15 states and the union territory of Puducherry. The bank’s focus is on customer delight, by maintaining high standards of customer service and amidst all these new challenges.
