LAKSHMI VILAS BANK LTD. - Announcement under Regulation 30 (LODR)-Credit Rating

In compliance with the applicable regulations of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, as amended, this is to inform that the Credit Rating Agency, M/s. Brickwork Ratings India Pvt Ltd, vide their mail dated 07.10.2020 has downgraded the rating from 'BWR BB+' (Credit Watch with Developing Implications) to 'BWR B+' (Credit Watch with Negative Implications) for our Unsecured Redeemable Non-Convertible Subordinated Lower Tier II Bonds - Series VII (Option B) of Rs.50.50 Crores.<BR> <BR> The rating rationale dated 07.10.2020 provided by the rating agency for downward revision of rating is enclosed. <BR>