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Lakshmi Vilas Bank IFSC Code and MICR Code:

Lakshmi Vilas Bank state wise list of all branches, IFSC code, MICR code and Addresses within India

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Lakshmi Vilas Bank IFSC Code

About Lakshmi Vilas Bank Ltd

In 1926, Lakshmi Vilas Bank was successfully founded by a group of seven progressive businessmen who belong to Karur in the state of Tamil Nadu under the leadership of Shri V.S.N. Ramalinga Chettiar. Their main objective was in order to cater to the immediate financial requirements and needs of general public in and around Karur who were primarily occupied professionally in trading businesses, agriculture and small and medium scale industry. On November 3, 1926, this bank was incorporated in a successful manner under the Indian Companies Act, 1913. On November 10, 1926, it obtained the certificate to commence business and subsequent to proper introduction of the Banking Regulations Act, 1949 plus RBI as the regulator for the banking sector. On 19, June 1958, the bank proudly obtained its banking license from RBI. It largely became a scheduled commercial bank perfectly signifying capability in order to operate as a full-fledged commercial bank on 11, August 1958.

Silent characteristics of Lakshmi Vilas Bank Ltd

• LVB Bank starts its expansion into pan-Indian market from 1974 by opening its branches and later on ATMs in the state of Andhra Pradesh, Karnataka and Kerala.
• Later, LV Bank ventured into the states of Maharashtra, Gujarat and Madhya Pradesh, then slow and steadily in rest of India making its presence in major cities across the nation.
• This bank comes with different types of deposits and loan schemes, MSME, online services, NRI services, cards, wealth management services, shareholders info and different kind of customer services in the category of personal, corporate and NRI banking facilities and its related services in a successful manner for its esteemed customers.

LVB IFSC Code and MIRC code

Lakshmi Vilas Bank Indian Financial System Code is begins with LAVB0******. This code is an eleven digit code that is essentially required in the fund transfers such as NEFT, RTGS and IMPS. On the other hand, the MICR, NEFT and RTGS codes are largely used in the respective processes online in a successful manner. The IFSC code is perfectly used for identification of branch in the overall banking process and its related activities. The IFSC code is rightly designed by the Reserve Bank of India such that the last six digits of the said code represent uniquely each branch of a particular bank.

How to Search Lakshmi Vilas Bank IFSC and MICR codes?

You can easily find LVB IFSC code and MICR codes in the drop down menu by just filling the following fields.
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You can use perfectly the drop down menus for a quick selection to get IFSC Code for Lakshmi Vilas Bank branches, branch code and the MICR code plus branch address, branch name, branch address and phone numbers.

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Lakshmi Vilas Bank IFSC Code News:

Lakshmi Vilas Bank appoints the next additional director

Lakshmi Vilas bank notified the exchange that subsequent to the approval of the Reserve Bank of India the directors of the board at their meeting that was held on July 1 2016 has decided that Shri NS Venkatesh will be the additional director of the bank. He will also be the executive or whole time director for three years starting from the date he takes charge. The time of his tenure are specified in s 358 of the banking regulation act and are approved by the RBI.

2016/07/04 11:24 PM

Lakshmi Vilas Bank expects 20% rise in business Financial Year 2017

On Sunday a top official from the renowned private sector bank the Lakshmi Vilas said that the bank is expecting a 20% growth in business including deposits and advances.The bank expects a sustained growth of 20% during 2016-17 after recording a business of Rs. 45,000 Cr during the last financial year.As far as High Network Individual customers are concerned the bank will now provide them special customer services like the Crown Lounge as a strategic step. So far these Crown Lounges have been started in only Bangalore,Chennai and Hyderabad.The official concerned also happened to state that the customer base for these new services is now 4000. These services are available to all those customers who have a minimum balance of 2 lakhs in their savings account ,and who are already eligible for other benefits such as Visa platinum debit card and full accidental insurance of 25 lakhs or 25% discount on locker rates along with a higher withdrawal limits for ATMs. The official ,Mr Mukherjee concluded with saying that the bank will further open 60 branches.

2016/06/19 04:41 AM

Lakshmi Vilas Bank to grandly expand its network into other states

Lakshmi Vilas Bank is a leading and popular Tamil Nadu based Bank in the Indian Banking sector which is much sought after by esteemed customers. Recently, LVB has announced its grand plans for opening 50 - 60 branches in other states in India. It is to be remembered that LVB has its branches in all the districts in the state of Tamil Nadu. It has a good number of branches in the neighbouring states such as Kerala, Karnataka, Pondicherry and Andhra Pradesh. This particular effort is to make the banks presence felt in the rest of India. In this manner, LVBs banking services can be offered to the new and old customers with a lot of perfection.

2016/03/23 06:22 AM

Lakshmi Vilas Bank successfully launches mobile banking app

Recently, Lakshmi Vilas Bank Ltd launched the banks new mobile app LVB Mobile. It was launched in Chennai by its managing director and chief executive P Mukherjee in a successful manner for its esteemed customers in the open market. With this particular launch, Lakshmi Vilas Bank joins the bandwagon of banks which are going mobile-friendly to a great extent.

The LVB Mobile app that is Windows, Android and IOS compatible, it would largely allow its esteemed customers in order to check their bank balance, recharge their mobile, transfer funds and pay their bills. It is to be remembered that Lakshmi Vilas Bank was founded in 1926. Its headquarters is located in Karur, in the state of Tamil Nadu, in south India. Its area served is all over India. Its key person is Mr. Vidyasagar (COO). It exclusively deals with different types of consumer banking products for its new and old esteemed customers in the open market with a lot of perfection.

In South India, Lakshmi Vilas Bank faces hectic competition from local, regional, national and international bank. Still, it has made its presence felt all over India with its branches and ATM centres that caters to the needs and requirements of its esteemed customers.

2016/01/30 05:57 AM

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