The Credit Rating Agency, M/s. CARE Ratings Limited (CARE) has revised the rating from 'CARE BBB' (Triple B) (Credit Watch with developing implications) to CARE BBB- (Triple B Minus) (Credit Watch with developing implications) for Lakshmi Vilas Bank Ltd's Unsecured Redeemable Non-Convertible Subordinated Lower Tier II Bonds - Series VII (Option B), VIII , IX & X of Rs.50.50 crores, Rs.78.10 crores, Rs.140.10 crores and Rs.100 crores respectively.
Further, the credit rating agency has reviewed the ratings assigned to the Proposed Basel III Compliant Additional Tier I Perpetual Bond Issue of the Bank from CARE BB (Double B) (Credit watch with developing implications) to CARE BB- (Double B Minus) (Credit watch with developing implications).
Shares of LAKSHMI VILAS BANK LTD. was last trading in BSE at Rs.35.2 as compared to the previous close of Rs. 36.4. The total number of shares traded during the day was 72737 in over 483 trades.
The stock hit an intraday high of Rs. 36.3 and intraday low of 34.95. The net turnover during the day was Rs. 2594437.