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The Laxmi Vikas Bank Ltd
The Laxmi Vikas Bank Ltd

About The Laxmi Vikas Bank Ltd

Lakshmi Vilas Bank was founded in 1926 by a group of seven progressive businessmen of Karur under the leadership of Shri V.S.N. Ramalinga Chettiar. Their objective was to cater to the financial needs of the people in and around Karur who were occupied in trading businesses, industry and agriculture. The Bank was incorporated on November 3, 1926 under the Indian Companies Act, 1913, and obtained the certificate to commence business on November 10, 1926. Subsequent to introduction of the Banking Regulations Act, 1949 and Reserve Bank of India as the regulator for the banking sector, the Bank obtained its banking license from RBI on 19,June 1958, and on 11, August 1958 it became a ‘scheduled commercial bank’ signifying capability to operate as a full-fledged commercial bank.

Currently, the bank's operations are spread over a network of 460 branches (plus 7 extension counters) with PAN India presence, supervised by 11 Regional Offices.The bank has 926 ATMs and deployed POS machines at various merchant establishments. The banks provides services across the entire spectrum of customer segments - retail, mid-market and corporate. Further taking part in all the Government initiated financial inclusion plans. The bank offers a host of para-banking products in association with Life and General Insurance companies, mutual funds, stock broking houses, money transfer/ remittance companies, etc. 

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