[nilesh]

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Hii sir, I Wants to know Is Lakshmi Vilas Bank is a Schedule Commercial Bank Or Not ?

[vikash]

Yes Lakshmi Vilas Bank (LVB) is a scheduled commercial bank. It is an old private sector bank founded in 1926. It is similar to other old private sectors banks in India like Federal Bank, Karur Vysya Bank or South Indian Bank. With its HQ in Chennai, LVB has 504 PAN India branches and over 950 ATMs.

Profile of the Bank

Revenue
Increase₹2,568.29 crore (US$400 million) (2016)

Operating income
Increase ₹407.12 crore (US$64 million) (2016)

Profit
Increase ₹265 crore (US$41 million) (2017)

Total assets
Increase₹28,732.16 crore (US$4.5 billion) (2016)

Products
Consumer banking
corporate banking
finance and insurance
investment banking
mortgage loans,
private banking
wealth management