Lakshmi Vilas Bank (Tamil) was founded in 1926 by a group of seven businessmen of Karur under the leadership of Shri V.S.N. Ramalinga Chettiar. Their objective was to cater to the financial needs of people in and around Karur who were occupied in trading businesses, industry and agriculture.


Care Rating of the Lakshmi Vilas Bank
Facilities Amount (Rs. crore) Ratings
Proposed Tier II Bonds (Basel III Compliant) 150.00 CARE A- (Single A Minus)
Lower Tier II Bonds – Series I 30.00 CARE A-(Single A Minus)
Lower Tier II Bonds – Series II 250.00 CARE A-(Single A Minus)
Tier II Bonds (Basel IIICompliant) 78.10 CARE A-(Single A Minus)
Tota``l 508.10
(Rupees Fi ve Hundred Eight crore and




The above ratings continue to take into account the improvement in asset quality and profitability indicators of LakshmiVilas Bank Ltd (LVB) during FY15 (refers to the period April 1 to March 31).

The rating continues to derive strength fromthe long-standing operational track record with significant presence in southern India and moderate capital adequacylevels

Rating factors

The rating factors in the relatively small size of the bank, its regional nature of operations and low proportion of current account & savings account (CASA) deposits notwithstanding the improvement in FY15

For more details you may Contact to the Lakshmi Vilas Bank Limited the contact Details Are given below

Contact Details :

Lakshmi Vilas Bank Limited
1800 - 425 - 2233