at the very Core of it all … is Content!
Chennai, February 10, 2016 Lakshmi Vilas Bank, one of India’s fast growing banks, announced reduction in the base rate from the earlier rate of 10.70% p.a. to 10.55% p.a. The revised rate is effective from February 8, 2016. Base rate is the benchmark rate to which all lending rates are linked. The said reduction is …
Interest rates revised from 4% to 5% Mumbai, September 8, 2014: Lakshmi Vilas Bank has revised the interest rates on savings bank accounts with an account balance of INR one lakh and above to 5 percent in comparison to an interest rate of 4% offered by the bank earlier. An increased rate of 5% will …
Mr. Rakesh Sharma, MD & CEO, Lakshmi Vilas Bank, “A cut in SLR ratio and the HTM holding ratio under SLR by 50 basis each is seen as an enabler to providing credit to development and growth oriented schemes. RBI is also cautious on inflation trajectory and has moved the goal post to the medium …
Consistent Growth in a challenging environment, Net Profit stood at `28.16 Crs, up by 11.08%, Y-o-Y Ø Net Profit for the first quarter ended June 2014 at `28.16 Crs is ahead of `25.35 Crs for the corresponding quarter of the previous financial year and has grown by 33.88%. Ø Total interest income for the quarter …
The Union Budget 2014-2015 is pro-growth, investor-friendly and savings oriented. The increase in basic tax exemption limit coupled with increase under Section 80C aims to leave Rs 1 lac of disposable income in the hands of tax payers. This should result in providing a boost to small savings. The budget encourages long term infrastructure lending …