Lakshmi Vilas Bank

Founded in 1926 by a group of seven businessmen in Karur, Tamil Nadu, The Lakshmi Vilas Bank Limited (LVB) was a scheduled commercial bank that primarily served retail, corporate, and SME customers. Its mission was to provide a full range of banking services to its communities. Over the years, it expanded its branch network significantly, particularly in Southern India. However, in the late 2010s, the bank faced severe financial distress due to mounting non-performing assets (NPAs) and inadequate capital. This led to regulatory intervention by the Reserve Bank of India (RBI), culminating in a government and RBI-led amalgamation with DBS Bank India Limited (DBIL) in November 2020 to protect depositors' interests. All branches, customers, and employees of LVB were subsequently integrated into DBIL.