PR Somasundaram is new MD & CEO of Lakshmi Vilas Bank

Sri. P.R. Somasundaram assumed charge as Managing Director & Chief Executive Officer of Lakshmi Vilas Bank on 2nd August, 2010. He is B.com, ACA, ICWAI and PG in Management Accountancy with all India Merit certificate.

Shri P.R. Somasundaram was with M/s Tata Consultancy Services and Unilever (India) before joining Standard Chartered Bank. He had served Standard Chartered Bank for more than 8 years in India and abroad.

Prior to joining Lakshmi Vilas Bank, he was the Chief Executive Officer and Managing Director of Standard Chartered - STCI Capital Markets Limited, a subsidiary of Standard Chartered Bank.

Shri. P.R. Somasundaram brings with him over 25 years of rich and varied national and international experience having served both the Industry and Banking Services.

About Lakshmi Vilas Bank:
Lakshmi Vilas Bank is a leading, fast-growing private sector bank in India, with an over 8 decades old lineage. The Bank caters to the need of both consumer and corporate clients and has a robust technology platform supporting multi–channel delivery capabilities. The Bank enjoys the patronage of several lakh customers across India through a network of over 271 branches and over 168 ATMs spread across 14 states and 1 union territory.

The Bank’s focus is on delivering customer delight by maintaining the highest standards of service. As a full service bank, Lakshmi Vilas Bank has a wide product portfolio such as business credit, SME credit facilities, NRI Services, home loans, rental loans, education loans and online banking. It offers a wide array of mutual fund products from 10 asset management companies (AMCs). The Bank also offers life insurance and general insurance products.

For further information log onto:  www.lvbank.com