Private sector lender Lakshmi Vilas Bank Ltd said its board of directors has decided to float a subsidiary company for undertaking housing finance business.
“The housing finance space offers immense scope. We need focused and concerted efforts in this business in order to reap the benefits from this huge potential market. That is why the bank’s board has decided to float a new subsidiary to undertake the housing finance business,” KSR Anjaneyulu, managing director and chief executive, Lakshmi Vilas Bank said in a release.
On Wednesday, Lakshmi Vilas Bank shares ended 2.6% higher at Rs91 on the Bombay Stock Exchange where the benchmark Sensex closed 1% up at 17,700 points.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
