Hi friends

Investment Idea:

Buy Lakshmi Vilas Bank BSE: 534690 | NSE: LAKSHVILAS

The company has approved rights issue in the ratio of 5 shares for every 6 shares. Also the results were good. Read the following links

http://www.thehindubusinessline.com/industry-and-economy/banking/lvb-q1-net-profit-rises-to-rs-2815-cr/article6217573.ece

http://www.thehindubusinessline.com/industry-and-economy/banking/lvb-board-approves-rights-issue-to-raise-rs-505-cr/article6217471.ece

http://www.thehindubusinessline.com/industry-and-economy/banking/lvb-revises-term-deposit-rate/article6217033.ece