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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…
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
Lakshmi Vilas Bank appoints B K Manjunath as non-exec, independent director
The bank's board of directors at its meeting on Wednesday co-opted B K Manjunath as additional dire…
PTI
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…
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
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…
3 mins read
Top stock movers — Lakshmi Vilas Bank, Tata Motors, DHFL, Wipro, Mahanagar Gas, IIFL Securities, and others
Indian indices were trading flat on Wednesday after hitting a record high on Tuesday led by the los…
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
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
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
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…
2 mins read
Banking union head demands that RBI nominees on LVB board should also be held liable
Terming the handing over of the 94-year-old Karur-based Lakshmi Vilas Bank (LVB) to DBS Bank India …
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
With 82,170 new COVID-19, India's coronavirus tally crossed 60 lakh
With a spike of 82,170 coronavirus cases and 1,039 deaths in 24 hours, India's tally on Monday brea…
1 min read
Online ponzi: ED attaches Rs 8.82-cr assets of Noida-based firm
New Delhi, Nov 28 () A Noida-based multi-level marketing firm's assets worth over Rs 8 crore have b…
PTI
2 mins read
Pfizer's new COVID-19 vaccine is 95% effective and the only severe side-effect to worry about is fatigue, according to the final results
The phase 3 study only showed mild to moderate side effects that cleared up quickly. “The only…