Lakshmi Vilas Bank Company Information

Posted by Amit Bhawani
February 1, 2008

Lakshmi Vilas Bank

Lakshmi Vilas Bank

Company History
The Lakshmi Vilas Bank Limited was founded seven decades ago ( in 1926) by seven people of karur under the leadership of Shri V.S.N. Ramalinga Chettiar, mainly to cater to the financial needs of varied customer segments. The bank was incorporated on November 03, 1926 under the Indian Companies Act, 1913 and obtained the certificate to commence business on November 10, 1926, The Bank obtained its license from RBI in June 1958, and in August 1958, it became a Scheduled Commercial Bank.During 1961-65 LVB took over nine Banks and raised its branch network considerably. To meet the emerging challenges in the competitive business world, the bank started expanding its boundaries beyond TamilNadu from 1974 by opening branches in the neighbouring states of Andhra Pradesh, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Gujarat, West bengal, Uttar Pradesh, Delhi and Pondicherry. Mechanization was introduced in the Head office of the Bank as early as 1977. At present, with a network of 236 branches, spread over 11 states and the union territory of Pondicherry, the Bank’s focus is on customer delight, by maintaining high standards of customer service and amidst all these new challenges, the bank is progressing admirably. LVB has a strong and wide base in the state of Tamil Nadu, one of the progressive states in the country, which is politically stable and has a vibrant industrial environment.LVB has been focussing on retail banking , corporate banking and bancassurance.

The Bank’s business crossed Rs. 8,752 crores as on March 31, 2007. The Bank earned a Net profit of Rs. 17.58 crores. The Net owned Funds of the Bank reaches Rs. 396.08 crores. With a fairly good quality of loan assets the Net NPA of the bank was pegged at 1.58 % as on March 31, 2007 down from 4.98% as on March 31, 2005. .

Company Background
Industry Name : Finance - Banks - Private Sector
House Name : Lakshmi Vilas
Year Of Incorporation 1926

Regd. Office
Address : Salem Road, Kathaparai
District : Karur
State : Tamil Nadu
Pin Code : 639006
Tel. No. : 04324-220051 (10 lines)
Fax No. : 04324-220068 & 220069
Email : secretarial@lvbank.com
Internet : http://www.lvbank.com
Auditors : Sundaram & Srinivasan

Registrars
Name : Integrated Enterprises (India) Ltd.
Address : Kences Towers, 2nd Floor, No. 1, Ramakrishna Street, North Usman Road, Chennai (Madras) - 600017, Tamil Nadu
Tel. No. : 28140801, 02, 03 Fax No. : 28142479
Email : Yesbalu@iepindia.com
Internet : www.iepindia.com
BSE: 590069
NSE: LAKSHVILAS

List Of Directors
1 D L Suresh Babu Director
2 K B Krishnan Director
3 M P Shyam Director
4 K Balaji Director
5 E Sreedhar Director
6 N Saiprasad Director
7 G Sudhakara Gupta Director
8 K Ravindrakumar Director

Location Details

Divisonal Office
97, Palace Road, II Floor, East Marret Street,
Madurai - 625001
Tamil Nadu - India
Phone : 736572
Fax : 738213
Email : lvbdo.mdu@gecsl.com
Divisonal Office
169-A , Jawahar Bazaar,
Karur - 639001
Tamil Nadu - India
Phone : 66684
Fax : 20068
Email : lvbdo.karur@gecsl.com
Divisonal Office
175-177, II Agraharam, I Floor,
Salem - 636001
Tamil Nadu - India
Phone : 263400
Fax : 263400
Email : lvbdo.slm@gecsl.com
Divisonal Office
541, Diwan Bahadur Road,
Coimbatore - 641002
Tamil Nadu - India
Phone : 546776
Fax : 543742
Email : lvbdo.cbe@gecsl.com
Divisonal Office
25-31, Aban House, IV Floor, Ropewalk Street,
Mumbai - 400001
Maharashtra - India
Phone : 22839928
Fax : 22822812
Email : lvbdo.mum@gecsl.com
Divisonal Office
568, 38th Cross, 11 th main, I Floor, 5 th Block,
Bangalore - 560041
Karnataka - India
Phone : 6633902
Fax : 6633902
Email : lvbdo.blr@gecsl.com
Divisonal Office
No.1 Bheemasena Garden II Street II Floor, R H Road, Mylapore,
Chennai (Madras) - 600004
Tamil Nadu - India
Phone : 4993946,4991308
Fax : 4991728
Email : lvbdo.chn@gecsl.com
Divisonal Office
F-2C , II Floor, Samrat Complex,
Hyderabad - 500004
Andhra Pradesh - India
Phone : 3212024
Fax : 3241904
Email : lvbdo.hyd@gecsl.com
Branch Office
Chittoor
Chittoor - Andhra Pradesh - India
Branch Office
Secunderabad
Secunderabad - Andhra Pradesh - India
Branch Office
Vijayawada
Vijayawada - Andhra Pradesh - India
Branch Office
Ahmedabad
Ahmedabad - Gujarat - India
Branch Office
Jayanagar
Bangalore - Karnataka - India
Branch Office
Mysore
Mysore - Karnataka - India
Branch Office
Cochin
Cochin - Kerala - India
Registered & Admin. Office
Salem Road Kathaparai
Karur - 639006
Tamil Nadu - India
Phone : 220051 (10 lines)
Fax : 220068 & 220069
Email : secretarial@lvbank.com

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