Lakshmi Vilas Bank Initiating Coverage Report By IndiaNivesh

Lakshmi Vilas Bank (LVB) is a small old generation private sector bank from south India with largely regional operations and especially in the state of Tamilnadu. The bank is able to grow its business at a CAGR of 20% to Rs 383 bn and Net Profit at a CAGR of 34% in the last 5 Years. As of FY15, LVB has network of 400 branches & 820 ATMs. Going forward the bank is expected to grow its presence in urban and metro cities across PAN India. In a bid to shed its ‘old‐generation’ image, LVB has strengthened its top management and has undertaken a rebranding exercise to evolve as a new‐age bank.

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