THE LAKSHMI VILAS BANK LIMITED

Company Introduction:

THE LAKSHMI VILAS BANK LIMITED was an Indian private sector bank established in 1926 in Karur, Tamil Nadu. It provided a comprehensive range of banking and financial services to its customers, including retail, corporate, and small and medium-sized enterprise (SME) banking. Its offerings encompassed deposits, loans, foreign exchange, internet banking, mobile banking, and wealth management products. The bank operated through a network of branches predominantly in South India, aiming to serve the financial needs of its diverse clientele. Due to significant financial challenges, the Reserve Bank of India placed the bank under a moratorium in November 2020 and subsequently amalgamated it with DBS Bank India Limited, a subsidiary of DBS Bank of Singapore, with the merger becoming effective on November 27, 2020.

Company Type:

It is a financial institution, specifically a bank. It is neither a factory nor a trading company.

Here are the products/services offered by The Lakshmi Vilas Bank Limited of India:

* Savings Accounts

* Current Accounts

* Term Deposits

* Loans (Home Loans, Personal Loans, Business Loans, Vehicle Loans, etc.)

* Credit Cards

* Debit Cards

* Insurance Products

* Mutual Funds

* Online Banking

* Mobile Banking

* NRI Services

* Dematerialization Services

* Money Transfer Services