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Lakshmi Vilas Bank Ltd.

BSE: 534690 Sector: Financials
NSE: LAKSHVILAS ISIN Code: INE694C01018
BSE LIVE 15:45 | 18 Aug 178.30 1.35
(0.76%)
OPEN

176.25

HIGH

179.95

LOW

175.60

NSE 15:41 | 18 Aug 178.70 1.05
(0.59%)
OPEN

177.25

HIGH

179.90

LOW

175.75

OPEN 176.25
PREVIOUS CLOSE 176.95
VOLUME 184414
52-Week high 209.80
52-Week low 125.10
P/E 13.08
Mkt Cap.(Rs cr) 3,420
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 176.25
CLOSE 176.95
VOLUME 184414
52-Week high 209.80
52-Week low 125.10
P/E 13.08
Mkt Cap.(Rs cr) 3,420
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Lakshmi Vilas Bank Ltd. (LAKSHVILAS) - Chairman Speech

Company chairman speech

THE LAKSHMI VILAS BANK LIMITED ANNUAL REPORT 2005-2006 CHAIRMAN'S REPORT To The Shareholders, The founders of our bank envisioned an organization that will live for centuries, based on an enduring value system of tradition culture and a powerful aspiration to help create wealth for all the stake holders. Today, we take pride in building a rewarding & long lasting relationship with millions of our customers. This alone stands the test of time, trust, avowed values and a commitment for high standards of service. Transformation in banking sector today, is propelled by the changing aspirations of the customers. Proactively reorienting its policies to meet the challenges of deregulation and economic reforms, the bank has taken great strides in reaching out to the various segments of society with innovative products delivered through technology enabled channels woven around branches in various geographies. In tune with the changing customer preferences, the bank has been continuously innovating and delighting the customers through products and service enhancements. Today, Laksmi Vilas Bank stands out as a vibrant organization ever endeavouring to meet all the financial requirements of its customers under one roof. All the constituents of the bank need to be impacted with the clear perception that the bank is moving with the time'. Hence, as a part of our initiative to truly project the bank's philosophy of 'wealth to every one associated with the Bank', we have unveiled a new logo as our identity that reflects our image - An embodiment of age old trusted values, vibrancy and modernity that extends prosperity to all its stake holders. Our new logo unit marks the first external visible phase of this change. It has the base of red colour, symbolizing Stability and Goodness. The image of Goddess Lakshmi embossed on a circle of ochre gold colour represents riches on the foundation of trusted values together with modernity and an ever-evolving change. The graphical rendition of gold coins reflects prosperity in a very modern form. The complete logo unit represents the deep cultural values of the bank, projecting an image of modernity, strength and prosperity. This is our new identity. The bank is looking forward to marching towards greater heights with renewed zeal and a reaffirmation of the values we stand for. The new image will surely embolden our initiatives. I am confident that you will continue to patronize the bank and guide it towards the cherished goals. With greetings, R M Nayak Chairman & CEO