LAKSHVILAS

Lakshmi Vilas Bank Limited has informed the Exchange that the Board of Directors of the Company have approved and adopted the Policy for Determining Materiality of Events on their Board Meeting held on December 16, 2015.

Lakshmi Vilas Bank Limited has informed the Exchange that the dividend amounts will be distributed within a week through NECS /Direct Credit / Warrants. The warrants and credit information letters will be sent to shareholders through the Registrar and Share Transfer Agent M/s. Integrated Enterprises (India) Ltd, Chennai.

Lakshmi Vilas Bank Limited has informed the Exchange vide its letter dated June 29, 2015 regarding notice of Corrigendum.

Lakshmi Vilas Bank Limited has informed the Exchange that the Bank celebrates its BIG DAY - Opens 400th Branch & 750th ATM Launches LVB Crown Services.

Lakshmi Vilas Bank Limited has informed the Exchange that as per RBI order dated 25.11.2014 Shri.R.Ravikumar, General Manager, RBI will continue to function as Additional Director of the Bank for a further period of two years w.e.f December 03, 2014.

Lakshmi Vilas Bank Limited has informed the Exchange that the United Forum of Bank Union where a major part of the Bank Staffs are members has given a call for a Zone wise strike from December 02, 2014 to December 5, 2014 if the demand not materialized.

Lakshmi Vilas Bank Limited has informed the Exchange that the meeting of Committee of Directors of the Bank in their meeting held on July 29, 2014 approved the Letter of Offer for proposed Rights Issue and the Issue Schedule and other matters pertaining to the issue. Issue opens on August 08, 2014. Issue closes on August 22, 2014.

Lakshmi Vilas Bank Limited has informed the Exchange that the Board of Directors of the Bank at their meeting held on November 28, 2013 resolved to reclassify the promoters of the bank consisting of followings individuals: (1) Shri K. R. Pradeep, (2) Shri S. G. Prabhakharan, (3) Shri M P Shyam, (4) Shri N. Malayalaramamirtham.

Lakshmi Vilas Bank Limited has informed the Exchange that Shri. Raghuraj Gujjar is Co-opted as Additional Director and Part-Time Chairman of the Bank at the Board Meeting of the bank held on April 26, 2013.

Lakshmi Vilas Bank Limited has informed the Exchange that M/s. Credit Analysis and Research Ltd, has revised the rating for the Bank's Tier II Capital of Rs. 30 Cr (Series V) and Rs. 250 Cr. (Series VII) from CARE A - (pronounced as CARE A minus) to CARE BBB+ (pronounced as CARE Triple B Plus).

Lakshmi Vilas Bank Limited has informed the Exchange that M/s. Brickwork Ratings India Pvt Ltd, Bangalore has revised the rating for the Bank's Tier II Capital of Rs.100 Cr (Series VI) and Rs.250 Cr. (Series VII) from BWR A (pronounced as BWR A) to BWR A- (pronounced as BWR A-).

Lakshmi Vilas Bank Limited has informed the Exchange that with reference to the report published in the newspaper on August 27, 2012 the Bank has given the point wise reply to the report by the Bank's MD & CEO Shri. P R Somasundaram.

Lakshmi Vilas Bank Limited has informed the Exchange that Shri.S.Narayan, Non-Executive Chairman of Lakshmi Vilas Bank Ltd has demitted his office on completion of 2 years term as approved by RBI.

Lakshmi Vilas Bank Limited has informed the Exchange that "Mr. P.R. Somasundaram has assumed the office of the Managing Director & Chief Executive Officer of the Bank at Karur on 02.08.2010."

Lakshmi Vilas Bank Limited has informed the Exchange that according to the Reserve Bank of India directive, Banks have to follow the new base rate system - which replaces the benchmark prime lending rate from July 01, 2010. In line with the above, the bank has set Base rate at 8.75%.

Lakshmi Vilas Bank Ltd has informed the Exchange that the Fitch Rating has revised the rating for the outstanding Sub-ordinated Tier-II Bonds of Rs. 50.00 crore (Series V) from A- (ind) to BBB+ (ind).

Lakshmi Vilas Bank Ltd has informed the Exchange that the Bank has proposed to raise Unsecured Redeemable Subordinated Bonds aggregating Rs. 100.00 crores through private placement basis for augmenting the Tier-II Capital for improving the Capital Adequacy Ratio and enhancing the long term resources of the Bank for which Fitch Rating has assigned BBB+(ind).

Lakshmi Vilas Bank Ltd has informed the Exchange that Board at its meeting held on May 28, 2009 recommended a dividend of 25% on the equity share capital for the year 2008-2009. At the Annual General Meeting held on August 28, 2009, the members have declared the above said 25% dividend. The dividend warrants will be posted to the members within a week by the Registrar and Share Transfer Agent M/s. Integrated Enterprises (India) Ltd, Chennai.

Lakshmi Vilas Bank Ltd has informed the Exchange that the Board at its meeting held on February 27, 2009 has Co-opted Shri K.R.Pradeep as Additional Director.

Lakshmi Vilas Bank Ltd has informed the Exchange that: "The revision in the credit rating from CARE A - (Single A minus) to CARE BBB+ (Triple B Plus) for our Tier -II subordinated Bonds aggregating Rs. 110.00 crores, as assigned by M/s. CARE".

Lakshmi Vilas Bank Ltd has informed the Exchange that the shareholders at their Annual General Meeting held on August 14, 2008 : (1) a) Re-elected Shri. E. Sreedhar as Director. b) Re-elected Shri. K. Ravindrakumar as Director. c) Re-elected Shri. G. Sudhakara Gupta as Director. d) Elected Shri. S.L. Sivashanmugam as Director (Appointed U/s 260 on February 28, 2008). e) Elected Shri. Kusuma R Muniraju as Director (Appointed U/s 260 on June 25, 2008). f) Elected Shri. D.L.N. Rao as Director (Appointed U/s 257). g) Elected Shri. B.K. Manjunath as Director (Appointed U/s 257). (2) Appointed M/s

Lakshmi Vilas Bank Ltd has informed the Exchange that "Our Board Co-opted Shri. Kusuma R Muniraju as Additional Director at their meeting held on 25.06.2008".