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3 mins read
Lakshmi Vilas Bank customers have withdrawn ₹10 crore since RBI's moratorium was announced last night
Customers of Lakshmi Vilas Bank (LVB) have withdrawn ₹10 crore since the Reserve Bank of India (RBI…
3 mins read
Lakshmi Vilas Bank promoter believes the RBI should've called for bids from interested parties other than DBS Bank for merger
Advocating proper valuation of Lakshmi Vilas Bank (LVB), its promoter has said that Singapore-based…
2 mins read
LVB moratorium: Shareholders may not get anything, key managerial personnel may lose job
The shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) may not be getting anything as per the…
1 min read
Lakshmi Vilas Bank is the fifth financial firm to collapse in India within the last 30 months
The downfall of Lakshmi Vilas Bank (LVB) was in the making for over a year, and it’s only the mos…
Prabhjote Gill
3 mins read
Lakshmi Vilas Bank under moratorium— RBI caps maximum deposit or withdrawal at ₹25,000
The Centre issued the moratorium notification under Section 45 (2) of the Banking Regulation Act…
1 min read
RBI approves panel of three independent directors to run Lakshmi Vilas Bank
The Reserve Bank of India has approved that the day-to-day affairs of Lakshmi Vilas Bank will be ru…
2 mins read
Lakshmi Vilas Bank gets downgraded by CARE ratings to 'negative outlook'
In a regulatory filing, the LVB said CARE has downgraded its ratings of the Rs 50.50 crore unsec…
2 mins read
Troubled Lakshmi Vilas Bank receives indicative non-binding offer from Clix Group
In a regulatory filing, the LVB said it has received an indicative non-binding offer from Clix…
3 mins read
LVB-DBS Bank India merger approved by Union Cabinet — ‘those who have made mistakes will be punished’
“Customers need not rush to banks to withdraw their money. However, whoever does wish to withdra…
3 mins read
Lakshmi Vilas Bank shortlists three candidates for MD & CEO post — will send names to RBI in a week
The lender's chief executive S Sundar and six other directors were voted out by shareholders earlie…
PTI
2 mins read
Lakshmi Vilas Bank is down nearly 5% as concerns over Clix Capital merger deepen
The share price of Lakshmi Vilas Bank is in the red today, plummeting by nearly 5%, which is a furt…
1 min read
Clix Capital eyes stake in Lakshmi Vilas Bank
"In the event, the discussions between the contracting parties in relation to the proposed transact…
PTI
2 mins read
LVB-DBS India merger: RBI directs Lakshmi Vilas Bank to write off tier-2 bonds worth nearly ₹320 crore
The RBI, vide their letter on Thursday, has advised the need to fully write down the Series VII…
PTI
1 min read
LVB merger: DBS Bank India gets ₹2,500 crore fund infusion from DBS Bank Singapore
DBIL is well-capitalised, and its capital adequacy ratios (CAR) remains above regulatory require…
2 mins read
Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India – fund infusion of ₹2,500 crore to follow
In a statement on Monday, DBS Bank said that the scheme of amalgamation is under the special pow…
4 mins read
Banking union head questions why RBI did not consider banks other than DBS India to merge with LVB
The decision of Reserve Bank of India (RBI) to palm off 94-year-old Karur based Lakshmi Vilas Bank …
1 min read
After Lakshmi Vilas Bank, Dhanlaxmi Bank CEO Sunil Gurbaxani voted out by shareholders
The shareholders of Kerala-based small private sector Dhanlaxmi Bank on Wednesday voted out Managin…
2 mins read
Top stocks to watch — SBI, HDFC Bank, ICICI Bank, Future Retail, Adani Enterprises, Vedanta, Lakshmi Vilas Bank, Solar Industries, and others
Amidst positive cues from the global markets, the Indian stock market is likely to open in green. I…
2 mins read
Top stocks to watch — Lakshmi Vilas Bank, Future Consumer, Laurus Labs, Union Bank, Vakrangee, Kesoram Industries, and others
Indian stock-market indices are likely to start on a tepid note today, led by mixed cues from the g…
3 mins read
Top stock movers — TCS, BPCL, Hero Moto, SpiceJet, Lakshmi Vilas Bank, Tata Steel, M&M, and others
Indian equity benchmark indices were trading flat in early trade on Thursday, tracking losses in in…