Lakshmi Vilas Bank is one of the oldest bank which was founded in the year 1926 by a certain group of businessmen. Under the leadership of Shri V.S.N. Ramalinga Chettiar, this bank was started with an aim to serve people fulfil their financial needs with regards to trading businesses, industry and agriculture. The bank was started on 3rd of November under the Indian Companies Act, 1913. It also received the certificate to start the business from 10th of November. Currently the operations as in from 2020 has been with more than 500 branches network. This includes the satellite branch and the commercial banking branch as well. There are 32 “B” Category Branches with 973 ATMs and deployed POS machines.

Listing and Revenue

Lakshmi Vilas Bank is listed on both BSE and NSE stock exchange.

Revenue ₹2,568.29 crore
Operating Income ₹407.12 crore
Net Income ₹265 crore
Total Assets ₹54,511.81 crore

Products and Services

Lakshmi Vilas Bank followed a new Core Banking Solution which is a customer centric approach. The bank offers products and services with upgraded Internet Banking System and wide range of banking solutions to the customers across the globe 24*7. With technologically advanced platform, the bank offers services such as Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, and wealth management.


Lakshmi Vilas Bank is one of the oldest bank which changed over the time. It has quite a good number of branch network in today’s time. But this is not new. The branches network was even quite a lot in the period of 1961 to 1965.

In those time, the bank had even over took more than 6 banks. In the year 1974, the bank started with the branch network expansions beyond Tamil Nadu to offer Advantages in the Pan India Market.

There were multiple branches in Karnataka and Kerala, neighbouring states of Andhra Pradesh, and also in cities like New Delhi and Mumbai.

In the year 1976, the bank earned the status of Authorised Dealer in foreign exchange while providing the wide range of services for the clients who look forward to start the international tradition experience.

In the year 1977, there was a mechanisation introduced in Administrative Office along while in the year 1993 computerisation of the bank started.

October 2006 was the year when core banking solution was implemented in all they branches of the bank.

By the year 2018, the bank offered 569 branches, 1,046 ATMs and 7 extension counters


Lakshmi Vilas Bank had acquired the merge with Indiabulls Housing Finance Ltd. Indiabulls Housing Finance Ltd is the  country's second largest housing finance company. For this Lakshmi Vilas Bank was entitled to get the stake of 9.5%.

Awards and Recognition:

Lakshmi Vilas Bank won National Payments Corporation Of India Felicitates For Fastest Cts Implementation In Chennai. It also won National Payments Excellence Awards 2014. Lakshmi Vilas Bank was the winner In National Automated Clearing House in the same year. In the year 2015, the bank won Cio100 Special Awards and Conqueror Honouree for cloud implementation. Lakshmi Vilas Bank won 2014-15 - Best Bank Award (Among Small Banks) For Managing IT Infrastructure Among Small Banks. It also received the Medal Of Honour For Successful Digital Odyssey in the year 2017. The bank also has Idc Insights Awards 2018 For Excellence In Omni Experience.


Lakshmi Vilas Bank is known to serve different business lines for the wide range of customer segments in the Corporate space and mid-market as well. It also has subsidiaries named The Lakshmi Vilas Bank Ltd and Asset Management Arm.