|The Lakshmi Vilas Bank Limited was established on November 03, 1926 under the Indian Companies Act, 1913 under the leadership of Shri V.S.N. Ramalinga Chettiar. Along with Ramalinga there were seven people of Karur to start the bank. The Bank became a Scheduled Commercial Bank in August 1958.
In 1961-65 LVB took over nine Banks and raised its branch network considerably. It started its branch expansion beyond Tamil Nadu in 1974. It opened branches in neighboring states of Andhra Pradesh, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Gujarat, West Bengal, Uttar Pradesh, Delhi and Pondicherry. LVB has been focusing on retail banking, corporate banking and banc assurance. Bank is offering deposit facility, loans, online facility and NRI services.