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Lakshmi Vilas Bank Ltd. - Clarification On The News Item In The New Indian Express Dated 31St July 2019

| Updated on August 01, 2019 Published on August 01, 2019

There has been speculation in the media relating to the Banks relationship with the Café Coffee Day (CCD) Group. In this connection, we wish to clarify that the Bank has no exposure on CCD or its subsidiaries. However, the bank has funded one of the CCD Group entities apart from coffee growers and suppliers of coffee beans to M/s. Coffee Day Global Limited, in the normal course of business, for some time.

This is for your information and records.

Pdf Link: Lakshmi Vilas Bank Ltd. - Clarification On The News Item In The New Indian Express Dated 31St July 2019

Source : BSE - www.bseindia.com

Published on August 01, 2019
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