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Brickwork Ratings India revises rating of Lakshmi Vilas Bank’s Tier II Capital

15 Feb 2014 Evaluate

Credit rating agency, Brickwork Ratings India has revised the rating of Lakshmi Vilas Bank’s Tier II Capital of Rs 100 crore (Series V) and Rs 250 crore (Series VII) from ‘A-‘ to ‘BBB+’. The outlook is maintained as negative.

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.

Peers
Company Name CMP
HDFC Bank 710.35
ICICI Bank 1379.85
Axis Bank 1236.20
Kotak Mahindra Bank 441.40
Indusind Bank 865.15
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