About Lakshmi vilas bank
Lakshmi Vilas Bank: A Comprehensive Guide to Personal and Corporate Banking Services
Lakshmi Vilas Bank is a leading Indian financial institution that offers a wide range of personal and corporate banking services. With over 9 decades of experience in the banking industry, Lakshmi Vilas Bank has established itself as a trusted partner for individuals, businesses, and institutions across India.
In this comprehensive guide, we will explore the various personal and corporate banking services offered by Lakshmi Vilas Bank. We will also delve into the bank's history, values, and commitment to customer satisfaction.
History of Lakshmi Vilas Bank
Lakshmi Vilas Bank was founded in 1926 by a group of seven businessmen from Karur in Tamil Nadu. The bank started its operations with an initial capital of Rs. 5 lakhs and had just one branch in Karur.
Over the years, Lakshmi Vilas Bank expanded its operations across India through mergers and acquisitions. In 2015, the bank acquired Ratnakar Bank Limited (RBL), which helped it strengthen its presence in Maharashtra.
Today, Lakshmi Vilas Bank has over 500 branches spread across 16 states in India. The bank has also embraced technology to offer online and mobile banking services to its customers.
Personal Banking Services Offered by Lakshmi Vilas Bank
Lakshmi Vilas Bank offers a wide range of personal banking services that cater to the needs of individuals from all walks of life. Here are some of the key personal banking services offered by the bank:
1) Savings Accounts: Lakshmi Vilas Bank offers savings accounts with attractive interest rates that help customers grow their wealth over time.
2) Current Accounts: The bank's current accounts are designed for businesses that require frequent transactions such as payments or receipts.
3) Fixed Deposits: Customers can invest their money in fixed deposits with varying tenures ranging from one month to ten years at competitive interest rates.
4) Loans: Whether you need funds for education, home renovation or business expansion - Laksmi Villlas Banks' loan products have got you covered! They offer loans at competitive interest rates with flexible repayment options tailored according to your needs!
5) Online & Mobile Banking: With online & mobile banking facilities available round-the-clock; customers can access their account information anytime anywhere!
Corporate Banking Services Offered by Laksmi Villlas Banks
Apart from offering personal banking solutions; LVB also provides customized corporate solutions catering specifically towards business requirements! Here are some key offerings:
1) Working Capital Finance - LVB provides working capital finance solutions like cash credit limits/overdrafts/letter-of-credit/bank guarantees etc., which helps businesses manage their day-to-day expenses efficiently!
2) Term Loans - Businesses can avail term loans for long-term investments like machinery purchase/expansion plans etc., at attractive interest rates!
3) Trade Finance - LVB provides trade finance solutions like import/export financing/LC advising/LC confirmation etc., which helps businesses expand globally while managing risks effectively!
4) Treasury Solutions - LVB's treasury team assists corporates manage foreign exchange risks through hedging strategies using derivatives instruments like forwards/options/swaps etc., thereby ensuring stability & profitability even during volatile market conditions!
Commitment Towards Customer Satisfaction
At LVB; customer satisfaction is given utmost priority! They believe that happy customers lead to sustainable growth & success! Hence they strive hard towards providing best-in-class service quality through continuous innovation & improvement initiatives aimed at enhancing customer experience throughout their journey with them!
Conclusion
In conclusion; if you're looking for personalized financial solutions tailored according to your specific needs then look no further than "Laksmi Villlas Banks"! With an extensive network spanning across India coupled with cutting-edge technology platforms; they provide seamless access & convenience while ensuring complete security & confidentiality! So why wait? Open an account today & start experiencing hassle-free financial management right away!!