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.

(This article was published on January 23, 2013)
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