Lakshmi Vilas Bank

Lakshmi Vilas Bank
Company type	Public
Traded as	BSE: 534690; NSE: LAKSHVILAS
Industry	Banking; Financial services;
Founded	3 November 1926 in Karur, India
Defunct	27 November 2020
Fate	Merged with DBS Bank India Ltd
Successor	DBS Bank India Ltd
Headquarters	Chennai, India
Area served	India
Key people	Subramanian Sundar ; (MD & CEO)
Products	Commercial banking; Financial services; Insurance; Investment banking; Mortgage loans; Private banking; Retail banking; Wealth management;
Revenue	₹2,558.03 crore (US$320 million) (2020)
Operating income	₹−15.46 crore (US$−1.9 million) (2020)
Net income	₹−836.04 crore (US$−100 million) (2020)
Total assets	₹24,421.51 crore (US$3.1 billion) (2020)
Number of employees	4349 (2020)
Capital ratio	-0.88% (2020)
Website	www.lvbank.com
	Footnotes / references;

Lakshmi Vilas Bank was an Indian private sector bank established in 1926 in Karur, Tamil Nadu. As of November 2020, the bank had 566 branches in 19 states and 1 union territory. On 27 November 2020, the bank was merged into the Indian subsidiary of DBS Bank.

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