3 November 1926; 97 years ago (1926-11-03) in Karur, India
Defunct
27 November 2020; 3 years ago (2020-11-27)
Fate
Merged with DBS Bank India Ltd
Successor
DBS Bank India Ltd
Headquarters
Chennai
,
India
Area served
India
Key people
Subramanian Sundar (MD & CEO)
Products
Commercial banking
Financial services
Insurance
Investment banking
Mortgage loans
Private banking
Retail banking
Wealth management
Revenue
₹2,558.03 crore (US$320 million) (2020)
Operating income
₹−15.46 crore (US$−1.9 million) (2020)
Net income
₹−836.04 crore (US$−100 million) (2020)
Total assets
₹24,421.51 crore (US$3.1 billion) (2020)
Number of employees
4349 (2020)
Capital ratio
-0.88% (2020)
Website
www.lvbank.com
Footnotes / references [1][2][3]
Lakshmi Vilas Bank was an Indian private sector bank established in 1926 in Karur, Tamil Nadu. As of November 2020[update], the bank had 566 branches in 19 states and 1 union territory.[4] On 27 November 2020, the bank was merged into the Indian subsidiary of DBS Bank.
^"Balance Sheet 31.03.2020". lvbank.com (27 December 2021).
^"Board of Directors | Lakshmi Vilas Bank". www.lvbank.com. Retrieved 28 July 2020.
^Lakshmi Vilas Bank, About Us
^"Why is bank union opposing merger of Lakshmi Vilas Bank with DBS Bank? Here's the reason". Zee News. 18 November 2020.
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Global Information
₹2,558.03 crore (US$320 million) (2020)
₹−836.04 crore (US$−100 million) (2020)