Lakshmi Vilas Bank

Lakshmi Vilas Bank
Company typePublic
BSE: 534690
NSE: LAKSHVILAS
Industry
Founded3 November 1926 (1926-11-03) in Karur, India
Defunct27 November 2020 (2020-11-27)
FateMerged with DBS Bank India Ltd
SuccessorDBS Bank India Ltd
Headquarters,
India
Area served
India
Key people
Subramanian Sundar
(MD & CEO)
Products
Revenue 2,558.03 crore (US$300 million) (2020)
−15.46 crore (US$−1.8 million) (2020)
−836.04 crore (US$−99 million) (2020)
Total assets 24,421.51 crore (US$2.9 billion) (2020)
Number of employees
4349 (2020)
Capital ratio-0.88% (2020)
Websitewww.lvbank.com
Footnotes / references

Lakshmi Vilas Bank was an Indian private sector bank established in 1926 in Karur, Tamil Nadu. As of November 2020, the bank had 566 branches in 19 states and 1 union territory. On 27 November 2020, the bank was merged into the Indian subsidiary of DBS Bank.