Lakshmi Vilas Bank (LVB), a leading and fast growing private sector bank has tied up with Visa to launch the ‘Lakshmi Vilas Bank International Visa Debit Card’. The launch of the LVB Visa Debit card would give the new and existing 200,000 customers an opportunity to shop, dine, pay bills, book tickets in addition to helping them withdraw cash both in India and globally. With this card, they can make online purchases, pay utility bills, buy movie, airline or rail tickets conveniently and securely with e-commerce functionality enabled through ‘Verified by Visa’.
Elaborating on this new initiative taken by the Bank, Mr. KSR Anjaneyulu, MD & CEO of Lakshmi Vilas Bank said, “The launch of the Visa Debit card marks another milestone for the bank. It reflects the bank’s continuous commitment towards providing customers with quality products that will enhance their lifestyle by giving access to Visa-accepting merchant outlets worldwide through offline point of sale as well as online.”
The Bank has made a significant leap in technology by achieving 100% core banking and is having 168 ATMs across the country within the shortest possible time. Based on the robust technology platform, LVB has been in constant pursuit of introducing various customer centric products and services. Aligning with the corporate mission, many value added services like Internet banking facility, inter-bank funds transfer (RTGS) in Internet banking, SMS alerts, mobile banking, multicity accounts, RTGS/NEFT facilities at all branches have been introduced.
Recently, the Bank received the Oracle Financial Services Software Limited appreciation award for its ‘Sustained Leadership in Quality Banking through most appropriate adoption of Technology”. This is the second award the Bank is receiving in a short span of time. Earlier, it had received the Diamond Award from Hitachi Data Systems under the category “Most Innovative Use of Technology”.
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 271 branches and over 168 ATMs spread over 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, home loans, rental loans, car loans, education loans, SME credit facilities, NRI Services and online banking. It offers a wide array of mutual fund products from 10 asset management companies (AMCs). The Bank also offers life insurance products of Aviva Life Insurance Co. Ltd. and general insurance products of Bajaj Allianz General Insurance Co. Ltd.
The Bank’s business crossed Rs. 12,606 crore as on March 31, 2009 and earned a net profit of Rs. 50.30 crore. The net-owned funds of the Bank reached Rs. 453.70 crore.
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For further information log onto: www.lvbank.com
About Visa:
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks—VisaNet—that is capable of handling more than 10,000 transactions a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products.