Laxmi Vilas Bank was incorporated on November 9 under the Indian Companies Act 9, and received the certificate to start business on 0th November 9. The bank obtained its banking license from the Reserve Bank of India (RBI) on 9th June 98, and on August 98, scheduled commercial bank status was conferred on it. Headquartered in Chennai, Tamil Nadu, the bank operates a network of 8 branches and09 ATMs spread across the 8 States and Union Territory across the length and breadth of the country. It also has “B” category branches. The bank caters to the entire spectrum of customer segments in Retail, Mid-Market and Corporate space.