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Lakshmi Vilas Bank

Full company profile

uuid0028lj9

Namestring
Lakshmi Vilas Bank
Legal namestring
DBS Bank India Limited
Websiteurl
lvbank.com
Company typeenum
Private
Founded yearint
2020
Descriptiontext

Lakshmi Vilas Bank is an Indian commercial bank founded in 1926 and headquartered in Chennai that, since 2020, has operated as a wholly-owned subsidiary of DBS Bank India Limited following its acquisition by DBS. The bank historically provided retail and commercial banking services to Indian customers; post-acquisition, the Lakshmi Vilas Bank franchise is being integrated into DBS Bank India's broader product suite, which spans personal banking (including DBS digi and credit cards), wealth management (DBS Treasures and DBS Aspire targeting emerging affluent), SME banking, and corporate/institutional banking, as well as transactional rails such as direct tax payments launched in March 2026.

Following the 2020 acquisition, LVB's customer base is now served through the DBS India network of 350+ locations across 19 Indian states, supported by DBS Group Holdings Ltd — the Singapore-headquartered parent (SGX: D05) which has 40+ years of operating history across 19 markets. DBS India holds multiple regulatory registrations with SEBI (Depository Participant, Merchant Banker, Professional Clearing Member, Bankers to Issue, Custodian), and the combined entity carries a substantial intangible asset base anchored by the parent's recurring recognition as one of Euromoney's World's Best Banks (2025, 2021, 2019) and Global Finance's Asia's Safest Bank for seventeen consecutive years (2009-2025).

The current operating posture is one of integration, capital reinforcement, and product-led expansion. DBS Bank infused Rs 1,600 crore into its India operations in March 2026 — capital that includes the Lakshmi Vilas Bank integration — alongside the rollout of eight new wealth centres, the DBS Aspire emerging-affluent offering, a sustainability-linked dealer financing programme with Mahindra & Mahindra, and a Farah Khan-led consumer brand campaign. The integrated franchise is positioned as DBS's primary vehicle for capturing share in India's retail, wealth, and institutional banking markets.

Short descriptiontext

Lakshmi Vilas Bank is an Indian commercial bank founded in 1926 in Chennai, now a wholly-owned subsidiary of DBS Bank India Limited following DBS's 2020 acquisition, providing retail, wealth, SME, and corporate banking services across India.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersChennai, India
HQ citystring
Chennai
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
retail banking services, commercial banking, wealth management, corporate banking, consumer lending
Industry3 codes
1SME Deposits & Business Accounts (Operating, Savings, CDs)
CodeFSABABACPrimaryYes
2Bank-Affiliated Retail Wealth Management
CodeFSAAAAABPrimaryNo
3Branch & In-Person Banking (Teller/ATM Networks)
CodeFSABAAAEPrimaryNo
NAICS code2 codes
  • Commercial Banking52211
  • Commercial Banking522110
SIC code1 code
  • State Commercial Banks6022
Product category
Retail Banking
Cost components5 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Lakshmi Vilas Bank is an Indian commercial bank that historically offered retail and commercial banking services to customers. Following its 2020 acquisition by DBS Bank India Limited, its operations and products have been integrated under the DBS Bank India umbrella, which provides personal banking, wealth management, SME banking, and corporate banking services. The bank's product offerings now span retail banking products, credit cards, wealth management (DBS Treasures), SME banking, and corporate banking across a network of 350+ locations in 19 Indian states.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Lakshmi Vilas Bank was acquired by DBS Bank (DBS Bank India Limited/DBIL) approximately six years ago. As a legacy bank now under DBS ownership, the bank's products operate under the DBS brand umbrella. The integration of Lakshmi Vilas Bank into DBS Bank India's operations is ongoing, with DBS expanding its wealth management presence with eight new wealth centres and maintaining operations across 350+ locations in 19 states in India.

Product and service7 records
1Personal Banking
CategoryRetail Banking
Description

Personal banking services for individual customers including savings/current accounts, deposits, and digital banking via DBS Digibank platform. Targeted at retail customers across India.

2DBS Credit Card
CategoryRetail Banking / Consumer Credit
Description

Credit card products offered to individual consumers as part of DBS Bank India's personal banking portfolio.

3Wealth Management (DBS Treasures)
CategoryWealth Management
Description

Private wealth management and advisory services for high-net-worth and affluent clients under the DBS Treasures brand.

4SME Banking
CategoryInstitutional / SME Banking
Description

Banking and financing services tailored for small and medium-sized enterprises in India, including working capital, trade finance, and digital banking solutions.

5Corporate Banking
CategoryInstitutional / Corporate Banking
Description

Corporate banking services for large enterprises and institutional clients, including treasury, cash management, trade finance, and corporate financing solutions.

6DBS Aspire
CategoryWealth Management / Retail Banking
Description

Banking product suite targeted at India's emerging affluent segment, providing tailored banking and wealth solutions.

7Direct Tax Payments Service
CategoryTransaction Banking / Digital Services
Description

Direct tax payment service enabling individuals and businesses to pay direct taxes through DBS Bank India's banking platform.

Scale indicator2 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Competitive moat5 records

Each record includes

Type, Details

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Lakshmi Vilas Bank

Retail Bankinglvbank.com

Lakshmi Vilas Bank is an Indian commercial bank founded in 1926 in Chennai, now a wholly-owned subsidiary of DBS Bank India Limited following DBS's 2020 acquisition, providing retail, wealth, SME, and corporate banking services across India.

What Lakshmi Vilas Bank does

Lakshmi Vilas Bank is an Indian commercial bank founded in 1926 and headquartered in Chennai that, since 2020, has operated as a wholly-owned subsidiary of DBS Bank India Limited following its acquisition by DBS. The bank historically provided retail and commercial banking services to Indian customers; post-acquisition, the Lakshmi Vilas Bank franchise is being integrated into DBS Bank India's broader product suite, which spans personal banking (including DBS digi and credit cards), wealth management (DBS Treasures and DBS Aspire targeting emerging affluent), SME banking, and corporate/institutional banking, as well as transactional rails such as direct tax payments launched in March 2026.

Following the 2020 acquisition, LVB's customer base is now served through the DBS India network of 350+ locations across 19 Indian states, supported by DBS Group Holdings Ltd — the Singapore-headquartered parent (SGX: D05) which has 40+ years of operating history across 19 markets. DBS India holds multiple regulatory registrations with SEBI (Depository Participant, Merchant Banker, Professional Clearing Member, Bankers to Issue, Custodian), and the combined entity carries a substantial intangible asset base anchored by the parent's recurring recognition as one of Euromoney's World's Best Banks (2025, 2021, 2019) and Global Finance's Asia's Safest Bank for seventeen consecutive years (2009-2025).

The current operating posture is one of integration, capital reinforcement, and product-led expansion. DBS Bank infused Rs 1,600 crore into its India operations in March 2026 — capital that includes the Lakshmi Vilas Bank integration — alongside the rollout of eight new wealth centres, the DBS Aspire emerging-affluent offering, a sustainability-linked dealer financing programme with Mahindra & Mahindra, and a Farah Khan-led consumer brand campaign. The integrated franchise is positioned as DBS's primary vehicle for capturing share in India's retail, wealth, and institutional banking markets.

Lakshmi Vilas Bank firmographics

Firmographics
Name
Lakshmi Vilas Bank
Legal name
DBS Bank India Limited
Website
https://lvbank.com
Company type
Private
Founded year
2020
Operating status
Acquired
Headcount range
1,001–5,000 employees
Short description
Lakshmi Vilas Bank is an Indian commercial bank founded in 1926 in Chennai, now a wholly-owned subsidiary of DBS Bank India Limited following DBS's 2020 acquisition, providing retail, wealth, SME, and corporate banking services across India.
Ownership category
akta.pro rank

Lakshmi Vilas Bank industry classification

Industry
Product category
Retail Banking
NAICS
Commercial Banking (52211), Commercial Banking (522110)
SIC
State Commercial Banks (6022)
akta.pro primary industry
SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
akta.pro secondary industries
Bank-Affiliated Retail Wealth Management (FSAAAAAB), Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

Keywords

  • Retail banking services
  • Commercial banking
  • Wealth management
  • Corporate banking
  • Consumer lending

Where Lakshmi Vilas Bank is headquartered

Location

Headquarters

HQ city
Chennai
HQ country
India
HQ region
Asia

Markets served

Lakshmi Vilas Bank business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Lakshmi Vilas Bank product offering

Product offering

Core offering

Lakshmi Vilas Bank is an Indian commercial bank that historically offered retail and commercial banking services to customers. Following its 2020 acquisition by DBS Bank India Limited, its operations and products have been integrated under the DBS Bank India umbrella, which provides personal banking, wealth management, SME banking, and corporate banking services. The bank's product offerings now span retail banking products, credit cards, wealth management (DBS Treasures), SME banking, and corporate banking across a network of 350+ locations in 19 Indian states.

Product overview

Lakshmi Vilas Bank was acquired by DBS Bank (DBS Bank India Limited/DBIL) approximately six years ago. As a legacy bank now under DBS ownership, the bank's products operate under the DBS brand umbrella. The integration of Lakshmi Vilas Bank into DBS Bank India's operations is ongoing, with DBS expanding its wealth management presence with eight new wealth centres and maintaining operations across 350+ locations in 19 states in India.

Differentiator

Problem solved

Functional benefit

Products and services

  • Personal Banking Personal banking services for individual customers including savings/current accounts, deposits, and digital banking via DBS Digibank platform. Targeted at retail customers across India.
  • DBS Credit Card Credit card products offered to individual consumers as part of DBS Bank India's personal banking portfolio.
  • Wealth Management (DBS Treasures) Private wealth management and advisory services for high-net-worth and affluent clients under the DBS Treasures brand.
  • SME Banking Banking and financing services tailored for small and medium-sized enterprises in India, including working capital, trade finance, and digital banking solutions.
  • Corporate Banking Corporate banking services for large enterprises and institutional clients, including treasury, cash management, trade finance, and corporate financing solutions.
  • DBS Aspire Banking product suite targeted at India's emerging affluent segment, providing tailored banking and wealth solutions.
  • Direct Tax Payments Service Direct tax payment service enabling individuals and businesses to pay direct taxes through DBS Bank India's banking platform.

Companies that use Lakshmi Vilas Bank

Customer profile

Ideal customer profiles3 records

Lakshmi Vilas Bank technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Lakshmi Vilas Bank partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Lakshmi Vilas Bank competitors and assessment

Company assessment

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

Lakshmi Vilas Bank social profiles

Digital presence

Lakshmi Vilas Bank financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lakshmi Vilas Bank leadership team

Management profile

Number of profiles

Profiles1 record

Lakshmi Vilas Bank subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Lakshmi Vilas Bank funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Lakshmi Vilas Bank M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lakshmi Vilas Bank

What does Lakshmi Vilas Bank do?

Lakshmi Vilas Bank is an Indian commercial bank that historically offered retail and commercial banking services to customers. Following its 2020 acquisition by DBS Bank India Limited, its operations and products have been integrated under the DBS Bank India umbrella, which provides personal banking, wealth management, SME banking, and corporate banking services. The bank's product offerings now span retail banking products, credit cards, wealth management (DBS Treasures), SME banking, and corporate banking across a network of 350+ locations in 19 Indian states.

Is Lakshmi Vilas Bank a public or private company?

Lakshmi Vilas Bank is a private company. It is classified as corporate owned and is currently acquired.

When was Lakshmi Vilas Bank founded?

Lakshmi Vilas Bank was founded in 2020. It employs 1,001 to 5,000 people.

Where is Lakshmi Vilas Bank based?

Lakshmi Vilas Bank is headquartered in Chennai, India, in the Asia region.

Does Lakshmi Vilas Bank have an API?

No public API is recorded for Lakshmi Vilas Bank.

What industry is Lakshmi Vilas Bank in?

Lakshmi Vilas Bank's product category is Retail Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs), with a secondary code of FSAAAAAB, Bank-Affiliated Retail Wealth Management. Its NAICS code is 52211 and its SIC code is 6022.

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Live signals
Private Banker InternationalDBS hires ex-Standard Chartered banker to lead India wealth businessDBS appointed Nitin Chengappa, a former Standard Chartered banker, to lead its wealth operations in India. He joined in July and reports to Ambuj Chandna, who oversees consumer banking. DBS also plans to open 18 wealth centres across Asia by 2027.The Times of IndiaDBS optimistic about India’s long-term structural growth: Chief says country must invest in talent; focus on wealth space - The Economic TimesDBS Bank CEO Su Shan Tan expressed optimism about India's long-term structural growth, citing opportunities from AI-driven hardware demand, while emphasizing the need for India to invest in talent and education to capitalize on these prospects. The bank infused Rs 1,600 crore in its India operations in March and is expanding its wealth management presence with eight new wealth centres, while also discussing the integration of Lakshmi Vilas Bank which it acquired six years ago. India ranks fourth or fifth in DBS's revenue and has been one of its best growth stories over the past three years, driven by a strong economy and growing middle class.The Times of IndiaIs IndusInd Bank crisis similar to that of Yes Bank, Lakshmi Vilas?IndusInd Bank CEO Sumant Kathpalia resigned shortly after the bank announced it would absorb INR 1,959.98 crore in losses resulting from incorrect accounting practices in its March earnings. This financial hit has thrown the lender into turmoil and sparked comparisons to previous banking crises involving Yes Bank, RBL Bank, and Lakshmi Vilas Bank.Mint‘LVB integration complete; DBS now looks for growth’ | Company Business NewsDBS Bank India has completed the integration of its 2020 amalgamation with Lakshmi Vilas Bank, finalizing the unification of platforms, systems, and personnel across its branch network. The bank is now pivoting from merger-related restructuring to organic growth, aiming to shift its revenue mix towards retail and SME segments while managing legacy non-performing assets. Management estimates it will take another two years for profitability to fully reflect the underlying business trajectory as goodwill write-offs and integration costs dissipate.Forbes IndiaHuman Resources, Digital: Focussing on flexibility: DBS Bank IndiaDBS Bank India was named Forbes India-Kincentric Best Employer 2021 for the second consecutive year, according to the article. CEO Surojit Shome said the bank, which merged with Tamil Nadu's Lakshmi Vilas Bank in November 2020 under RBI direction, prioritised HR, training and workforce planning. The piece notes the bank's digitally-focused, wholly-owned subsidiary status and unified culture approach.Forbes IndiaUncertainty clouds Indiabulls-Lakshmi Vilas Bank mergerThe proposed merger of Lakshmi Vilas Bank with Indiabulls Housing Finance has become one of the most uncertain among early-announced deals, after the Reserve Bank placed LVB under its prompt corrective action framework. LVB faces restrictions on new branches and dividends, rising NPAs and negative return on assets, while IHF's stock fell to a five-and-a-half-year low of ₹282 after Care lowered its rating.