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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Lakshmi Vilas Bank customers have withdrawn ₹10 crore since RBI's moratorium was announced last night
Customers of Lakshmi Vilas Bank (LVB) have withdrawn ₹10 crore since the Reserve Bank of India (RBI…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
Supreme Court reserves verdict on extension of loan moratorium period
The Indian Supreme Court reserved its judgement on pleas regarding extension of the loan moratorium…
3 mins read
SBI, HDFC Bank, Axis Bank and other bank stocks tread caution as they wait with bated breath for Supreme Court verdict on moratorium
According to Solicitor General Tushar Mehta, a committee had been …
3 mins read
India's banking stocks are on fire after top court allows them to call out bad loans
Indian banks are rallying on the stock market after the Supreme Court’s judgement on the loan morat…
4 mins read
Analysts expect no surprises from Axis Bank in the second quarter — loan growth and collections to be slow
Axis Bank, India’s third-largest private sector lender after HDFC Bank and Kotak Mahindra, isn’t ex…
2 mins read
RBI and banks caught in the crosshairs as the Supreme Court adjourns loan moratorium hearing for a second time to November 18
The bench headed by Justice Ashok Bushan has adjourned the cases to November 18. It has, however…
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
Supreme Court wants the government to give 'clear plan' on moratorium loan interest waiver by November 2 — 'Diwali is in your hands now'
The Supreme Court has set the deadline of November 2 for the ongoing case on whether or not the int…
3 mins read
Loan repayments will become due starting today — here are the options that borrowers have
The Reserve Bank of India’s (RBI) six-month moratorium came to an end on August 31, and payments ar…
2 mins read
Supreme Court verdict on loan moratorium case deferred to November 5
"These moratorium matters were listed yesterday but they came up today.I am requesting for an adjou…
PTI
2 mins read
RBI directs banks and NBFCs to comply with interest waiver scheme
The Reserve Bank of India (RBI) has notified the Centre's scheme for ex-gratia payment of differenc…
2 mins read
Supreme Court defers loan moratorium case hearing to October 13 — gives RBI and the government another week to file additional affidavits
The Supreme Court of India has granted the Reserve Bank of India (RBI) and the Central Government a…
2 mins read
Supreme Court says banks are free to restructure loans, but can't penalise borrowers availing moratorium benefit
Senior counsel Rajiv Dutta, appearing for the petitioner Gajendra Sharma who has taken home loan fr…
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…
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
4 mins read
Bank stocks gain as Supreme Court defers verdict on loan moratorium case to October 5
At the time it gave the government another two weeks to file a detailed affidavit after Solicito…
2 mins read
Axis Bank is back in the black as fee collections ramp up and ₹10,000 crore in fund raising cushions the balance sheet
Axis Bank’s profit is in the green again after reporting a dip of 19% last quarter. Between July an…
3 mins read
Kotak Mahindra Bank still on ‘alert’ as profit improves 27% over the last three months
Kotak Mahindra Bank (KMB) is still on ‘alert’ as it recovers from the COVID-19 impact. In the three…
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
HDFC Bank likely to remain ahead of peers in second quarter — all eyes on loan restructuring, moratorium, and asset quality
HDFC Bank’s second-quarter results won’t be immune to the issues of the moratorium, restructuring o…