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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
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…
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
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…
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…
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…
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
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…
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 …
2 mins read
Airtel launches new cybersecurity product with CISCO, Radware, VMware, and Forcepoint for enterprises — it took ₹100 crore and over a year to set up
According to Bharti Airtel’s CEO Gopal Vittal, the hub took an investment of over ₹100 crore and…
2 mins read
Facebook moderators demand better COVID protection from Zuckerberg as they're 'forced' to return to office
More than 200 Facebook content moderators have written a letter to Mark Zuckerberg, saying the deci…
6 mins read
Wipro CEO Delaporte’s new plan could give the Indian IT services giant the edge it needs to catch up to its peers, according to analysts
After being at the helm of Wipro for one official quarter, its new CEO, Thierry Delaporte, has laid…
1 min read
Paytm is scaling up its lending operations – brings on board former Clix Capital CEO
“I plan to build along with a fantastic team the most cost-effective & consumer-friendly len…
3 mins read
Simply Put: Why are foreign banks quitting India?
Meanwhile, companies left behind are trying to put on a brave face by pulling out of retail bu…
2 mins read
LVB Independent Director Sanjay Khemani resigns
"Considering the role of these committees, I feel that I do not posses domain expertise required f…
PTI
1 min read
Ahmedabad imposes night curfew from 9pm to 6am starting Friday as COVID-19 cases spike
The announcement was made by Additional Chief Secretary Rajiv Kumar Gupta, who has been appointe…
PTI
2 mins read
Top stocks to watch — M&M, Gillette, AU Small Finance Bank, JSW Steel, CG Power, and others
Indian stock-market indices are likely to open in green on Monday, led by positive cues from the As…
1 min read
Nitish Kumar's choice for education minister resigns within hours of taking office on the back of corruption charges
Bihar Education Minister Mewalal Choudhary, allegedly facing corruption charges in the recruitment …
1 min read
Relief for passengers who cancelled air tickets during the lockdown — Supreme Court accepts DGCA recommendations
In a major relief to passengers who booked air tickets during the lockdown, the apex court of India…
1 min read
Market retreats from record highs: Sensex tanks 580 points, Nifty drops below 12,800
On the other hand, PowerGrid, ITC, NTPC, Tata Steel and Titan were among the gainers. …