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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…
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Lakshmi Vilas Bank customers have withdrawn ₹10 crore since RBI's moratorium was announced last night
Customers of Lakshmi Vilas Bank (LVB) have withdrawn ₹10 crore since the Reserve Bank of India (RBI…
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
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
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
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…
3 mins read
Lakshmi Vilas Bank shares plummet as RBI stalls Indiabulls Housing merger
Both LVB as well as IBHF informed the bourses late Wednesday evening about the RBI decision, b…
2 mins read
Lakshmi Vilas Bank net loss narrows to Rs 334 cr in Dec quarter
"The Reserve Bank of lndia (RBI) has initiated prompt corrective action vide letter dated Septembe…
PTI
4 mins read
DBS Bank’s handcrafted solutions to empower MSMEs across India
Being a major contributor to the socio-economic development of the country, this sector has been…
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…
5 mins read
Clix Capital's urge to be a bank must be too intense for it to merge with Suryoday
Even as the deal would help micro-lender turned banker Suryoday to expand its loan book, the d…
4 mins read
‘Watchful’ RBI leaves repo rate unchanged to keep inflation in check
“Today’s inaction in no way suggests a U-turn in interest rate trajector…
1 min read
Yes Bank posts lower net profit for FY19 due to NPA divergence
New Delhi, Nov 19 () Yes Bank on Tuesday reported a lower net profit of Rs 1,084.03 crore for 2018-…
PTI
1 min read
Central Bank of India reports higher Rs 6,430cr loss for FY19 due to NPA divergence
New Delhi, Nov 19 () Central Bank of India has reported an increased net loss of Rs 6,430.48 crore …
PTI
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
3 mins read
Amazon, Flipkart and Myntra sales – all unaffected by low consumer sentiment
India’s e-commerce titans — Amazon, Flipkart and Myntra — are all hosting their mid-year sales at t…
3 mins read
Top stocks to watch — ITC, Biocon, Tata Consumer, Cipla, Divi’s Labs, Voltas, IndiaMART, Equitas SFB, and others
Indian stock-market indices are likely to open in green on Monday, on the back of positive cues fro…
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…
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
1 min read
Malvinder Singh arrested in another case of funds misappropriation
New Delhi, Dec 24 () Former Fortis Healthcare promoter Malvinder Singh was arrested on Tuesday in a…