Clarification Statement
Press Release from Lakshmi Vilas Bank
This is in response to the misleading articles
appearing in the media recently regarding “Lakshmi Vilas Bank”.
We would like to inform that the said articles are
misleading and factually incorrect.
Our liquidity coverage ratio is at a
comparable level more than what is prescribed by the Regulator and we are in
the process of recovering our NPAs and our quantum of NPA has in fact marginally
come down in the last quarter (December 2019).
The bank would like to take
this opportunity to assure our customers that their deposits are safe in our
bank. We also request our customers to ignore any market rumours that are
based on unfounded news reports. We will keep you informed about our capital raising
plans as per the regulations in force.
No comments:
Post a Comment