Credit rating agency, CARE has assigned ‘BBB+’ rating to Lakshmi Vilas Bank’s Tier II Bonds (Basel III Compliant) worth Rs 100 crore. The rating assigned to the bonds issue derives strength from the long-standing operational track record of LVB with significant presence in southern India and adequate capitalization levels.
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.
