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Lakshmi Vilas Bank

Founded in 1926, Lakshmi Vilas Bank is a leading banking and financial services provider in South India that caters to the different financial needs of different client segments. The bank is headquartered in Karur, Tamil Nadu.

About Lakshmi Vilas Bank

Lakshmi Vilas Bank started its business in 1926. The founder of the bank was Shri V.S.N. Ramalinga Chettiar. Lakshmi Vilas Bank was registered under the Indian Companies Act, 1913 and received the license to begin its business in 1926. The bank received the official permission to run its business from the Reserve Bank of India in 1958 and achieved the status of a scheduled commercial bank in the same year.

During the period of 1961 to 1965, Lakshmi Vilas Bank acquired nine banks and developed its branch network significantly. To tackle the upcoming challenges in the global financial industry, LVB began expanding its operations since 1974. The bank initially opened branches in the following states:

  1. Karnataka
  2. Andhra Pradesh
  3. Maharashtra
  4. Kerala
  5. Gujarat
  6. Madhya Pradesh
  7. Uttar Pradesh
  8. West Bengal
  9. Pondicherry Delhi

Automated banking procedures started in the head office in 1977. Currently, the bank has a wide network of 273 branches, 8 extension counters and 1 satellite branch. Lakshmi Vilas Bank has a strong presence in 16 states of India and also the Union Territory of Pondicherry. The bank stresses on customer satisfaction by keeping high quality customer services and the bank has made commendable advancements over the last one or two decades. Lakshmi Vilas Bank has a particularly strong customer base in Tamil Nadu, one of the most developed states in India. Tamil Nadu has a politically steady government and an energetic business environment.

The bank has always been focusing on corporate banking, retail banking and bancassurance.

As of 31st March 2009, the total business of the bank has surmounted Rs. 12,606 crores. LVB also made a net profit of Rs. 50.30 crores.

The Chief Executive Officer (CEO) of LVB is Mr. KSR Anjaneyulu.

Products and services offered by Lakshmi Vilas Bank

The diversified range of products and services offered by Lakshmi Vilas Bank includes the following:



Banking

  1. ECGC

Cards

  1. Lakshmi Kisan Card
  2. ATM Cards
  3. VISA Debit Card

Customer Services

  1. ATM Locator
  2. Grievance Redressal
  3. Customer Care

Deposits

1) Current

  1. Lakshmi Current Krupa
  2. Lakshmi Current Silver
  3. Lakshmi Current Subham
  4. Lakshmi Supreme
  5. Current Diamond Plus
  6. Lakshmi Current Diamond

2) Fixed Rate Deposits

  1. Recurring
  2. Dhanachakra
  3. Lakshmi Freedom
  4. Lakhpathy Recurring
  5. Fixed Deposit
  6. Tax Saver

Savings

  1. Savings Youth Power
  2. Savings Balance Free
  3. Lakshmi Power
  4. Nofrills
  5. Lakshmi Savings Star Gold
  6. Lakshmi Savings Gold
  7. Savings Bank

Loans

  1. Lakshmi Rental Loan
  2. Lakshmi Easy Loan
  3. Lakshmi Home Loan
  4. Lakshmi Gold Power
  5. Lakshmi Personal vehicle
  6. Initial Public Offer
  7. Lakshmi Business Credit
  8. Vidhya Lakshmi Loan

NRI Services

  1. NRI Services
  2. NRI Loans
  3. NRI Deposits
  4. Money Transfer
  5. Forex Branches
  6. Correspondents Overseas

Online Services

  1. RTGS
  2. NEFT
  3. SMS Banking
  4. Net Banking
  5. ECS
  6. NFS and CashTree

Ancillary Services

  1. Mutual Funds
  2. General Insurance
  3. Asset Insurance
  4. Health Insurance
  5. Rural Insurance

Other Services

  1. Payment Services

Lakshmi Vilas Bank Contact Details

Administrative Office

The Lakshmi Vilas Bank Ltd.
Salem Main Road, Karur - 639006
Tamil Nadu, India
Phone: (04324) 220051- 60
Toll Free: 1800-425-2233
Fax: 04324-220068, 220069
Email: info@lvbank.in

http://lvbank.com/




Lakshmi Vilas Bank

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