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lakshmi vilas bank news

Plea in HC against Lakshmi Vilas Bank-DBS merger

The petition has contended that the Centre and RBI have failed to protect the interests of the shareholders.
business
Published on Jan 17, 2021 04:38 pm IST

Lakshmi Vilas Bank, DBS merger pact gets Union cabinet approval

The Union cabinet on Wednesday approved the merger of Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd, ending the moratorium on the troubled lender imposed on 17 November
business
Updated on Nov 26, 2020 12:45 am IST

Cabinet approves amalgamation of Lakshmi Vilas Bank with DBS Bank

The Union Cabinet has approved the merger of the LVB with DBS Bank India Limited, Union Minister Prakash Javadekar told reporters, adding the decision will provide comfort to 20 lakh depositors and protect the services of 4,000 employees.
india news
Updated on Nov 25, 2020 03:58 pm IST

Lakshmi Vilas Bank stock tanks for seventh consecutive day

The government has placed Lakshmi Vilas Bank (LVB) under one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.
business
Updated on Nov 25, 2020 01:33 pm IST

Lakshmi Vilas Bank’s stock tanks over 48 pc in 5 days, investors continue to dump shares

The step was taken by the government, on the advice of the Reserve Bank of India, in view of the declining financial health of the private sector lender.
business
Published on Nov 23, 2020 12:47 pm IST

LVB-DBS merger may set precedent

DBS was the first foreign bank to receive a banking licence after the central bank allowed foreign banks to set up a wholly owned subsidiary in 2014.
business
Updated on Nov 23, 2020 05:39 am IST

NBFCs take lead in banking licence race

Experts point out that the other option before RBI is to bring the large systematically NBFCs at par with banks with regard to regulatory framework.
business
Updated on Nov 23, 2020 05:33 am IST

RBI rejected DBS’s offer to buy 50% stake in 2018: Lakshmi Vilas Bank’s largest promoter

According to K R Pradeep, the single largest promoter of the crippled Lakshmi Vilas Bank , promoters are also looking at approaching markets watchdog Sebi but will wait for the final scheme of merger by the RBI.
business
Updated on Nov 20, 2020 10:07 pm IST

Lakshmi Vilas Bank shares slump further, hit 52-week low value

A closed ATM of Lakshmi Vilas Bank is seen at Connaught place in New Delhi in this file photo.
business
Published on Nov 20, 2020 12:13 pm IST

LVB has adequate cash to pay

LVB’s administrator T N Manoharan said employees have nothing to be concerned about because the merger scheme is such that employees’ interest is also taken care of.
business
Published on Nov 19, 2020 03:19 am IST

Centre imposes one-month moratorium on TN-based Lakshmi Vilas Bank

A closed Lakshmi Vilas Bank ATM.
tamil nadu
Published on Nov 18, 2020 02:20 pm IST

Lakshmi Vilas Bank shares sink 20% after RBI imposes 1-month moratorium

An ATM of Lakshmi Vilas Bank is seen at Connaught Place in New Delhi in this file photo.
business
Published on Nov 18, 2020 09:59 am IST

Why is Lakshmi Vilas Bank troubled, what’s next for the lender

Lakshmi Vilas Bank has a vast network of more than 550 branches and 900-plus ATMs across India.
business
Updated on Nov 18, 2020 09:50 am IST

RBI brings in DBS India unit to save Lakshmi Vilas Bank

Reserve Bank of India (RBI) said the Union government has capped deposit withdrawals at ₹25,000 at LVB for a month.
business
Published on Nov 18, 2020 03:39 am IST

Lakshmi Vilas Bank under moratorium: Can you withdraw more than Rs 25,000? All you need to know

The interest of depositors will not be hurt, the RBI has said. It has prepared a draft to merge Lakshmi Vilas Bank with DBIL.
business
Updated on Nov 17, 2020 08:22 pm IST

RBI announces draft scheme to merge Lakshmi Vilas Bank with DBIL

FILE PHOTO: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis/File Photo
business
Updated on Nov 17, 2020 07:51 pm IST

Lakshmi Vilas Bank under moratorium, withdrawal capped at Rs 25,000

The moratorium has been imposed on the basis of application submitted by RBI under Sec 45 of BR Act.
india news
Updated on Nov 17, 2020 07:39 pm IST

Lakshmi Vilas Bank shares surge on non-binding merger offer

On the NSE, it gained 9.83 per cent to settle at Rs 19.55.
business
Published on Oct 09, 2020 05:57 pm IST

Turmoil at LVB puts Clix deal in jeopardy

An ATM of Lakshmi Vilas Bank at Connaught place in New Delhi.
business
Updated on Sept 30, 2020 12:54 am IST

Three-member panel to run Lakshmi Vilas Bank

An ATM of Lakshmi Vilas Bank at Connaught place in New Delhi.
business
Published on Sept 28, 2020 06:57 am IST

RBI blocks Indiabulls Housing Finance, Lakshmi Vilas Bank’s merger

The bank did not cite any reason for rejection of the merger proposal.
business
Updated on Oct 09, 2019 10:14 pm IST

Indiabulls shares plunge record 38% as regulatory pressures mount

Indiabulls Real Estate Ltd., Finance Centre, Mumbai.
business
Published on Sept 30, 2019 01:20 pm IST

Lakshmi Vilas board okays merger deal with Indiabulls Housing

Indiabulls Financial Services (IBFSL), one of India's leading private sector non-banking financial services company, 29/10/2011.
business
Updated on Apr 05, 2019 06:13 pm IST
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