The Lakshmi Vilas Bank Limited (LVB) was founded eight decades ago, in 1926, by seven people of Karur under the leadership of Shri V.S.N. Ramalinga Chettiar, mainly to cater to the financial needs of varied customer segments.
The bank was incorporated on November 03, 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.
During the four years spanning 1961-65, LVB took over nine Banks and raising its branch network considerably. In 1974, the bank started expanding its boundaries beyond Tamil Nadu by opening branches in the states of Andhra Pradesh, Karnataka, Kerala and many others. At present, the bank has a network of 249 branches,3 satellite branches and 6 extension counters, spread over 14 states and the union territory of Pondicherry.
The bank offers various loans such as Lakshmi Home Loans. Lakshmi Personal vehicle Loan, Lakshmi Easy Loan and Lakshmi Gold Loan.
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