Lakshmi Vilas Bank has received RBI permission to open 71 more branches. The new permission allows the bank to open branches in Metro, urban, semi-urban and rural centres.
At present, LVB has a network of 291 branches and a customer base of over two million. The bank also has 627 ATMs of its own.
K.S.R. Anjaneyulu, MD & CEO (interim), Lakshmi Vilas Bank, said, “The expanded network of branches will assist the bank in reaching out to newer demographics.”
LVB has presence in over 15 States and 1 Union Territory and plans to expand reach to hitherto unrepresented states and UTs, pan India.