THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Lakshmi Vilas Bank

India

Founded in

N/A

Founded

Last online: No recent activity

Claim company Visit website

OVERALL SCORE

Others

4/10

Reviews

39/90

1 review

Provided by TrustFinance

OVERALL SCORE

Others

4/10

Reviews

39/90

1 review

Provided by TrustFinance

Contribute to TrustScoreYour experience will reflect on TrustScore.

Share your thought and experience with this company.

BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Company Information

Get to know Lakshmi Vilas Bank

Company Information

Get to know Lakshmi Vilas Bank

Founded in 1926 by a group of seven businessmen in Karur, Tamil Nadu, The Lakshmi Vilas Bank Limited (LVB) was a scheduled commercial bank that primarily served retail, corporate, and SME customers. Its mission was to provide a full range of banking services to its communities. Over the years, it expanded its branch network significantly, particularly in Southern India. However, in the late 2010s, the bank faced severe financial distress due to mounting non-performing assets (NPAs) and inadequate capital. This led to regulatory intervention by the Reserve Bank of India (RBI), culminating in a government and RBI-led amalgamation with DBS Bank India Limited (DBIL) in November 2020 to protect depositors' interests. All branches, customers, and employees of LVB were subsequently integrated into DBIL.

Industry