Laxmi Bank Ltd started financing solar home systems bundled with the Bank's Home Loans. Under the scheme the bank will offer loans to customers who wish to install solar systems as an alternative or back up energy source with easy repayment schedule spread over the tenure of the original home loan. This will ensure that the monthly installment is low and affordable, said the bank. Laxmi Bank has tied up with Solar Solutions Pvt Ltd that supplies solar system solutions for urban use. In 2009, it distributed dividends for the first time through 20 per cent bonus shares. The eighth AGM also approved 5:2 rights shares issue.
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