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28th December 2015, 07:51 AM
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Join Date: May 2012
Re: Lakshmi Vilas Bank Is Scheduled Bank

Lakshmi Vilas Bank was established on November 3, 1926 under the Indian Companies Act, 1913, and obtained the certificate to commence business on November 10, 1926.

On 11, August 1958 it became a ‘scheduled commercial bank’ signifying capability to operate as a full-fledged commercial bank.

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

Thus, branches were established in the neighboring 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.

Currently, their operations are spread over a network of 432 branches (plus 7 extension counters) with PAN India presence, supervised by 11 Regional Offices.

They have 25 “B” Category Branches. They have 820+ ATMs and deployed POS machines at various merchant establishments.


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