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Business Standard

Lakshmi Vilas Bank gets indicative non-binding offer from Clix Group

The bank's weakening performance, rising slippages in corporate book and the impact on profitability and risk-weighted asset portfolio may further increase capital requirement

Topics
Lakshmi Vilas Bank | Clix Capital | Srei

T E Narasimhan  |  Chennai 



Lakshmi Vilas Bank
The bank, in the past, has been wooed by SREI Capital

(LVB) on Thursday said it has received an indicative non-binding offer from the Clix Group. Officials of the bank said this is the first time the lender has received an offer officially, while the last one was only Letter of Intent (LoI).

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First Published: Thu, October 08 2020. 16:16 IST

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