Lakshmi Vilas Bank will focus on retail banking and recovery of non-performing assets (NPA). At present, the bank’s NPA stand at 5.6 per cent and the bank intends to reduce this to 3 to 3.5 per cent.
The bank is also looking at new initiatives such as increasing fee-based income from alternate channels and certain HR initiatives.
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.
