Lakshmi-Vilas-Bank Personal-NRI Premium-Banking

About Us

A vision for inclusive growth. A revolutionary outlook.


A humble beginning with far-reaching vision and impact. Lakshmi Vilas Bank was founded in 1926 by a group of seven progressive businessmen in Karur under the leadership of Shri V.S.N. Ramalinga Chettiar. The mission was to cater to the financial needs of the people in and around the textile city of Tamil Nadu, Karur involved in various trading businesses, industries and agriculture. The modest endeavour to offer financial support to people, nine decades later, has turned out to be a leading banking institution based on robust principles, responsive and prudent leadership and exceptional resilience.


The Bank was finally 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 June 19, 1958, and on August 11, 1958 it became a ‘scheduled commercial bank’ signifying capability to operate as a full-fledged commercial bank.


Expansion and progress :


Lakshmi Vilas Bank expanded its branch network considerably during the period 1961-65, when the Bank took over nine other banks. In 1974, the bank started expanding the branch network beyond Tamil Nadu to leverage opportunities in the pan-Indian market. Branches were set up in the neighbouring states of Andhra Pradesh, Karnataka and Kerala, important financial centres such as Mumbai, New Delhi and Kolkata as well as in other significant business centres in Maharashtra, Gujarat and Madhya Pradesh.


Meanwhile, the Bank attained the status of Authorized Dealer in foreign exchange in 1976 enabling it to provide full range of services to customers engaged in international trade and to overseas travellers.


Keeping up with the time and with an aim to offer superior services, Lakshmi Vilas Bank introduced mechanization in the Administrative Office as early as 1977. Data processing and computerization began were introduced in 1993 by the Bank’s own in-house team. Implementation of Core Banking Solution (CBS) was started in October 2006, and all of the Bank’s branches were migrated to CBS by March 2008.


In July 2014, the bank moves its corporate office moved to Chennai.


Present state of affairs :

  • As 30th of Jun 2020, our operations are spread over a network of 566 branches (includes 7 Commercial Banking Branches, 1 Satellite branch) and 5 extension counters with PAN India presence, supervised by 7 Regional Offices.
  • We have 32 “B” Category Branches. We have 971 ATMs and deployed POS machines at various merchant establishments.
  • While, we continue to have significant presence in the state of Tamil Nadu, the bank has presence in 16 States and 3 Union Territories across the length and breadth of the country.
  • The Bank through its vibrant line of businesses caters to the entire spectrum of customer segments in Retail, Mid-Market and the Corporate space.
  • Bank plays its part in all the Government initiated financial inclusion plans. Through our branches, we offer a host of para-banking products in association with Life and General Insurance companies, mutual funds, stock broking houses, money transfer/ remittance etc.
  • With continuous investments in technology, all of our services are offered on a robust, technologically advanced platform and is expected to enhance in the Digital Banking Space.
  • Our new Core Banking Solution (CBS) stands implemented, we have moved from a product-centric approach to a customer-centric approach and also upgraded our Internet Banking System, offering a diverse range of banking services and solutions to our clientele from any corner of the globe or anytime-anywhere basis.

Financials :

  • The Bank’s Gross Advances as on 30th Jun 2020 was to the tune of Rs 16,310 crores, with Net Interest Income at Rs 90.76 crores.
  • Total Deposits were pegged at Rs 21,161 crores.
  • The bank has a total business mix of Rs 37,471 Crores as on 30th Jun 2020.
  • With bad assets cleaned from its book, the reforms made in the operational aspects, with its vibrant line of businesses, relationship model of loans and specialized staffs recruited, the bank is all set to fire and re-define its market share.

Key message :


We benchmark our operating standards continuously with the best practices in the banking industry, so as to ensure that our customers always receive services with high level of satisfaction.


We take special pride in the fact that we are able to offer personalized services drawing inspiration from our rich heritage, even as we have moved over to the latest in technology. We recognize that we are truly in the business of bringing prosperity to all our stakeholders and seek continuously to live up to the motto ‘Life smiles where LVB serves’.


Our vision :


“To be a sound and dynamic banking institution, providing financial services of excellence with pan-India presence”.


Our mission :


“To develop a range of quality financial services and products to create value for customers, shareholders and the society; to motivate people to achieve excellence in performance leading to sustained profitable growth and build a vibrant organization.”


Significance of our logo :

  • The colour red symbolizes pure and strong values.
  • The colour of ochre gold in the logo signifies prosperity and wealth.
  • The circle of kumkum holds within it all good things.
  • The logo symbolizes our invitation to walk the path of Lakshmi and celebrate her blessings, wisdom, growth and contentment and a life full of rich meaning.