THE LAKSHMI VILAS BANK LIMITED
ANNUAL REPORT 2005-2006
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.
R M Nayak
Chairman & CEO