CARE affirms ‘BBB+’ rating to Lakshmi Vilas Bank’s Tier II Capital

Credit rating agency, Care Analysis & Research (CARE) has affirmed the rating for Lakshmi Vilas Bank’s Tier II Capital of Rs 30 crore (Series V) and Rs 250 crore (Series VII) to ‘BBB+’.

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.