History of Lakshmi Vilas Bank Ltd

Please provide here some info about Lakshmi Vilas Bank profile & tell me which services offered at Lakshmi Vilas Bank & also give list of loans available???

[Quick Sam]

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.
The bank obtained its banking license from RBI on 19,June 1958.

Services offered:
NEFT
RTGS
IMPS
Payment Services
E Tax Payment
Net Banking
SMS Banking

Loans
Commercial Vehi
Initial Public Offer
Lakshmi Business Credit
Lakshmi Easy Loan
Lakshmi Gold Power
Lakshmi Home Loan
Lakshmi Personal vehicle
Lakshmi Rental Loan
Loan against Property
Vidhya Lakshmi Loan

Cards available
ATM Cards
Rupay ATM Card
Prepaid Gift Card

Contact:
The Lakshmi Vilas Bank Ltd.
Registered Office,
Salem Road,Kathaparai, Karur - 639006
Tamil Nadu
LL: 04324 - 220051 (10 lines)
FAX: 04324 - 223607
CIN: L65110TN1926PLC001377

Hi sir I want to known about the History of Lakshmi Vilas Bank Ltd
And where his head quarter located in India?

[sumit]

The Lakshmi Vilas Bank Limited (LVB) was founded in 1926) by Shri V.S.N. Ramalinga Chettiar, in 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.

Board of directors of Lakshmi vilas bank

Shri. D.L.N.Rao, Director
Date of Birth:03.03.1949
Qualification:B.Sc., L.L.B.,PG Diploma in Social Science

Shri. K.R.Pradeep, Director
Date of Birth:08.09.1960
Qualification:B.B.M.,FCA.,

Shri.S.G.Prabhakharan, Director
Date of Birth:15.05.1955
Qualification:B.Com.,B.L.,A.C.S

Shri. S.Dattathreyan, Director
Date of Birth:11.02.1962
Qualification:B.E.

Shri. Dr.P.A. Shankar, Director
Date of Birth: 03.06.1946
Qualification: B.V.Sc., M.Sc., Ph.D.

Shri. N.Malayalaramamirtham, Director
Date of Birth:15.01.1949
Qualification:B.Com

Shri.Pankaj Vaish, Director
Date of Birth: 09.02.1962
Qualification: B.Tech, MBA

Shri.Prakash P. Mallya, Director
Date of Birth: 07.07.1948
Qualification: M.A (Economics)

Ms. E.V. Sumithasri, Director
Date of Birth: 14.04.1972
Qualification: BE MS

Shri. Vivek Deep, Director ( RBI Nominee)
Date of Birth: 08.08.1966
Qualification: BA (Hons.), CAIIB

Shri.K. Babuji, Director ( RBI Nominee)
Date of Birth: 05.03.1964
Qualification: B.Sc., MBA, CAIIB

Respected Sir/Madam,
I am in need of a information that At which year you started a branch in salem?

Hello sir, I am Raaka Singh and I want you to provide me details regarding the history of Lakshmi vilas Bank Limited as it is an assignment project for us. Please provide some details?

[Kiran Chandar]

Lakshmi Vilas Bank is a private sector bank of India.

It was established in the year 1926.

It’s headquarter is located in Karur, India.

It was founded by a group of 7 progressive businessmen of Karur under the
leadership of Shri V.S.N. Ramalinga Chettiar.

Their aim was to cater to the financial needs of the people in and around
Karur who were engaged in trading businesses, industry and agriculture.

The Bank was incorporated on November 3, 1926 under the Indian
Companies Act, 1913, and gained 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
acquired its banking license from RBI on 19, June 1958, and on 11, August
1958 it became a ‘scheduled commercial bank’ representing capability to
operate as a full-fledged commercial bank.



It saw considerable expansion of its branch network during the period 1961-
65, when the Bank took over 9 other banks.

From 1974, the bank started increasing the branch network beyond Tamil
Nadu to benefit from opportunities in the pan-Indian market.

Thus, branches were established in the adjoining 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.

In the meantime, 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.
Computerisation was presented in the Administrative Office as early as 1977,
and data processing and computerization began in right earnest in 1993 by
the bank’s own in-house team.

Implementation of Core Banking Solution (CBS) was initiated in October
2006, and all of the Bank’s branches were migrated to CBS by March 200