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India Ratings has revised Lakshmi Vilas Bank`s (LVB) Outlook to Negative from Stable while affirming its Long-Term Issuer rating at `IND BBB+`. The agency has also affirmed LVB???s Short-Term Issuer rating at `IND A2+` and its Rs 1.3 billion lower tier 2 debt at `IND BBB+`.
Lakshmi Vilas Bank will revise interest rates on domestic term deposits with effect from June 26, 2012. The bank revises interest rates for the period o... More..