Lakshmi Vilas Bank opens new branch

Laksmi Vilas Bank is expanding its footprint in Andhra Pradesh by opening a new branch in Vijayawada. Kanakadurga Temple executive officer Ch Narasinga Rao formally inaugurated the branch at Nakkal Road, Governorpet, on Thursday.

Sharing his joy in opening up of the new branch, bank’s managing director Rakesh Sharma said, “This would be a step forward to support the bank’s strategy to extend its reach and offer entire gamut of financial services including credit, savings, investments and insurance products in these areas.”

“The bank has been focusing on retail banking, corporate banking and bancassurance by rendering high-tech services,” he added.

The bank offers a wide array of traditional asset and liability products and services to its customers and is continually working to offer additional products that are specially tailored to meet the needs of the bank’s diverse customers. The bank has taken great strides in reaching out to the various segments of the society through its innovative products delivered through multiple channels woven around branches in different geographies.