Lakshmi Vilas Bank launches new services

Published on Thu, Jul 07, 2011 at 19:39 |  Source : PTI

Updated at Thu, Jul 07, 2011 at 20:05  

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Lakshmi Vilas Bank launches new services

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Private sector Lakshmi Vilas Bank has launched three new services -- Point of Sales, Depository Participant and Services and application supported by blocked amount enabling customers to get all services under one roof.

Under depository services, customers would be able to get all regular and high-end features including opening of demat account. The introduction of Application Supported by Blocked Amount (ASBA) facility would support the depository participant operations which would help strengthen the CASA portfolio, a bank statement issued here said.

Under the point of sales, Bank has proposed to rope in new and profitable merchants. "These three new services add to the expanding list of new initiatives (taken by the Bank),to improve value to customers banking with us," Lakshmi Vilas Bank MD and CEO Somasundaram said.

Currently, the bank has 274 branches across 15 states and 268 ATMs, the statement added.

  

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