Lakshmi Vilas Bank Ltd. (LVB) was a private sector Indian bank headquartered in Chennai. While it is no longer operating as an independent entity, understanding its historical recruitment patterns and the general structure of government and public sector banking recruitment in India offers valuable insights for aspiring professionals. Typically, candidates would need a bachelor's degree to apply for entry-level positions in public sector banks. Age criteria and specific educational qualifications vary depending on the role.
About Lakshmi Vilas Bank Ltd
Lakshmi Vilas Bank Ltd (LVB) was incorporated on 3rd November 1926, The Bank obtained its banking license from Reserve Bank of India & become Scheduled Commercial Bank Signifying capability to operate as a full fledged Commercial Bank. The Bank has wide range of Branch Network all over the Country.
The mission of Lakshmi Vilas Bank Ltd (LVB) is to develop a range of quality of finance services and products to create value for Customer, Shareholders and the Society, by motivating people to achieve excellence in performance leading to sustained profitable growth and build a vibrant Organization.
The Prime objective of Lakshmi Vilas Bank Ltd (LVB) ,is to improve the economical condition of Rural, Semi Rural and Urban Areas for District by providing Financial and other related support for Agriculture, Trade, Commerce, Industry and create employment opportunities in the Villages and Small Town.
With effect from 27 November 2020, Lakshmi Vilas Bank (LVB) has been amalgamated with DBS Bank India Limited. The scheme of amalgamation is under the special powers of the Government of India and RBI under Section 45 of the Banking Regulation Act, 1949, India.
DBS is a leading financial services group in Asia and is present across 18 countries. With its extensive network of operations in Asia, DBS has been accorded the "Safest Bank in Asia" award by Global Finance for 12 consecutive years from 2009 to 2020. DBS has been in India since 1994 and we converted our India operations to a wholly owned subsidiary (DBS Bank India Limited) in March 2019 to expand our franchise and build greater scale. We were also ranked No 1 in India by Forbes in its 2020 list of the World’s Best Banks.
Official Address
Contact Information
- (04324) 220051- 60
- 04324-220068,220069
- Visit Official Website
About Lakshmi Vilas Bank Careers
Lakshmi Vilas Bank provided various career opportunities within the banking sector. Historically, aspiring candidates sought roles across different departments, leveraging their educational qualifications and competitive examination scores. The bank's focus was on customer service, operational efficiency, and contributing to financial inclusion.
| Details | Lakshmi Vilas Bank Ltd. (Historical Recruitment) |
| Type | Private Sector Bank (Historically) |
| HQ | Chennai, Tamil Nadu |
| Entry Gateways (Historical examples) | IBPS SO, IBPS PO, Clerk Exams, Internal Promotions |
| Salary Range (Typical for similar roles) | ₹ 25,000 - ₹ 70,000+ per month (Level-3 to Level-7) |
Organization Overview
Lakshmi Vilas Bank, a private sector bank, historically aimed to provide a comprehensive range of banking and financial services. It operated with a network of branches across India, focusing on retail banking, corporate banking, and treasury operations. Its commitment was to deliver efficient and customer-centric banking solutions.
Key Job Profiles (Historically)
While specific vacancies are no longer active, historically, LVB offered roles such as:
- Probationary Officers (PO)
- Clerical Cadre Staff
- Specialist Officers (e.g., IT, Law, HR, Marketing)
- Branch Managers
- Customer Service Representatives
Salary & Benefits (General Banking Sector Benchmarks)
Salaries in public and private sector banks are determined by pay commissions and bank policies. For roles historically comparable to those at LVB, entry-level positions could start around ₹ 25,000 per month, with experienced officers potentially earning upwards of ₹ 70,000 per month. Benefits typically include Dearness Allowance (DA), House Rent Allowance (HRA), medical benefits, and retirement plans, in line with industry standards.
Selection Process (General for similar banks)
The selection process for roles in similar banking institutions historically involved multiple stages:
- Preliminary Examination: Objective tests assessing reasoning, quantitative aptitude, and English knowledge.
- Main Examination: More in-depth tests covering professional knowledge relevant to the post.
- Interview: Personality and suitability assessment.
- Document Verification: Verification of original certificates and testimonials.
How to Crack Bank Exams
Success in competitive banking exams requires a strategic approach. Focus on understanding the syllabus thoroughly and practicing regularly with mock tests. Strengthen your fundamentals in quantitative aptitude, reasoning ability, and English language. Stay updated on current affairs, especially those related to the banking and financial sector. For interviews, prepare to articulate your strengths, career aspirations, and understanding of the banking industry.
All details are sourced from official notifications and reliable industry benchmarks. MySarkariNaukri.com provides informational guidance only and is not affiliated with any government agency or the Reserve Bank of India.
Verification Source: https://lvbank.com/ (Historical)
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