Lakshmi Vilas Bank Ltd share price today (on 21 March 2023).

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The Lakshmi Vilas Bank Limited provides various banking products and services in India. It offers fixed deposits, Dhanachakra deposits, recurring deposits, Lakshmi lakhpathy recurring deposits, Lakshmi freedom deposits, Lakshmi tax saver deposits, No-frills SB accounts, Lakshmi savings gold accounts, Lakshmi savings star gold accounts, Lakshmi savings balance free accounts, Lakshmi savings youth power accounts, Lakshmi current diamond accounts, Lakshmi current diamond plus, Lakshmi current silver
Lakshmi Vilas Bank Ltd (LVBL) was incorporated in the year 1926. It came into existence to meet the growing demands of agriculture, small scale-industries and other priority sectors. To make itself a technology oriented bank,LVB has appointed M/s KPMG as IT consultant,to offer consultancy services and also to prepare IT strategy for the bank. To improve customer services, it computerised all main branches and administrative offices in all the metros and urban/semi-urban areas. The bank has actively participated in priority sector lendings, particularly under various government sponsored programmes for the upliftment and economic development of the rural poor. The bank also opened extension counter at EID Parry (I) Ltd., Pugalur Zion Matriculation Higher Secondary School, Selliyur and G S Pillai Engineering College, Nagapattinam.
The bank has made network to all the branches to provide on-line connectivity. It has made process of converting its DBMS platform to client-server environment to enable anywhere banking at a national level. During December,2002 the bank has obtained Iicense from IRDA for marketing life insurance products of M/s AVIVA Life Insurance Company(formerly Dabur CGU Life Insurance Pvt Ltd). The bank will sell the insurance products intially in Andhrapradesh and Tamil Nadu through its 104 branches. It is also planning to enter into Non-life insurance segment through Corporate Agency arrangement. The total number of branches as of March,2004 were 224 and out of this one branch was converted into satellite branch.
According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues increased with 39.55%, from INR 1,201.85 tens of millions to INR 1,677.18 tens of millions. The results of the period increased 5.81% reaching INR 107.02 tens of millions at the end of the period against INR 101.14 tens of millions last year. Return on equity (Net income/Total equity) went from 11.33% to 11.17%, the Return On Asset (Net income / Total Asset) went from 0.76% to 0.66% and the Net Profit Margin (Net Income/Net Sales) went from 8.42% to 6.38% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 1694.92% compared to 1490.43% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.90 to 1.06 when compared to the previous year.

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