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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…
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
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
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
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
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…
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Lakshmi Vilas Bank customers have withdrawn ₹10 crore since RBI's moratorium was announced last night
Customers of Lakshmi Vilas Bank (LVB) have withdrawn ₹10 crore since the Reserve Bank of India (RBI…
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…
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 …
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
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…
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 — 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…
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
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…
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…
2 mins read
Top stocks to watch — Lakshmi Vilas Bank, Just Dial, DLF, Tata Steel, ONGC, IIFL, IRCTC and others
Indian stock-market indices are likely to open in negative territory on Wednesday, on the back of s…
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
Top stock movers — RIL, Future Group companies, VA Tech Wabag, PNB, HDFC, and more
Indian stock market indices, Sensex and Nifty turned choppy on Wednesday after trading in green ter…