The bank is taking further steps to enhance the capital at the earliest, it said.The bank said consequent upon the completion of the preferential allotment of 1.Shares of Lakshmi Vilas Bank ended at Rs 38.”We refer to our earlier announcement of a planned amalgamation with IHFL and Indiabulls Commercial Credit Ltd.16 crore to Indiabulls Housing Finance Ltd, the banks tier I Capital and Capital Adequacy Ratio was strengthened by 110 basis points.

On the recovery of bad loans, the bank said efforts to recover them have gained momentum and over the last four quarters the bank had recovered Rs 783 crore bad loans.Chennai: Private sector Lakshmi Vilas Bank (LVB) on Thursday said it was working in close cooperation with the Indiabulls Housing Finance Ltd (IHFL)to ensure regulatory approvals were received at the earliest. We have to say that the bank is working in close cooperation with IHFL to ensure that all regulatory approvals are received at the earliest”, the bank said in a regulatory filing on Thursday.56 per cent while the total CAR (capital adequacy ratio) to 7.Early this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance Ltd in a share-swap deal with an intent to create a custom special bolts for sale combined entity with larger capital base and wider geographical reach.88 per cent over previous close on BSE.