By Agencies
DBS Bank India Limited (DBIL) on Friday said it has received capital infusion of Rs 2,500 crore from DBS Bank Limited, Singapore to suppo...Read More
By IANS
Also, Mumbai HC admits writ petition for compensation to LVB shareholders
By PTI
Padmashree Inc on Wednesday offloaded shares worth over Rs 1.39 crore in Lakshmi Vilas Bank through an open market transaction. As per bu...Read More
By FPJ Web Desk
The Reserve Bank of India on Wednesday informed that Lakshmi Vilas Bank and DBS Bank India merger will be effective from November 27.All ...Read More
By IANS
As per the draft amalgamation scheme, the RBI has said on and from the appointed date, the entire amount of the paid-up share capital and...Read More
By PTI
Banking regulator RBI on Tuesday announced a draft scheme to amalgamate the troubled Lakshmi Vilas Bank (LVB) into DBS Bank India, which ...Read More
By FPJ Web Desk
Following an application submitted by the Reserve Bank of India (RBI), the Central government on Tuesday brought Lakshmi Vilas Bank under...Read More
By FPJ Web Desk
The government on Tuesday imposed a 30-day moratorium on Lakshmi Vilas Bank, restricting cash withdrawals at Rs 25,000 per depositor, and...Read More
By N Chithra
Another bank bites the dust; Rs 25000 cap on deposits for a month; merger with Indian subsidiary of Singapore’s DBS Bank on the cards
By FPJ Web Desk
On Tuesday, the Ministry of Finance has placed the beleaguered Lakshmi Vilas Bank under an order of moratorium from November 17 which wil...Read More
By ANI
The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning of cash-strapped Lak...Read More
By FPJ Web Desk
After a 94-year-old Lakshmi Vilas Bank (LVB) was left without a CEO and promoter, one of the former promoters of the troubled bank is ho...Read More
By IANS
At the bank's annual general meeting, held on September 25 via video conferencing, the shareholders also voted against the resolution for...Read More
By Agencies
On Wednesday, the Reserve Bank had rejected a proposal to merge Indiabulls Housing Finance Ltd (IBHFL) with the Tamil Nadu-based troubled...Read More
By Agencies
Speculations were rife about the fate of the merger, announced in April this year, after the Reserve Bank of India (RBI) imposed restrict...Read More
By Agencies
Lakshmi Vilas Bank (LVB) on Wednesday said its independent director Supriya Prakash Sen has resigned from its board on personal grounds.T...Read More
By IANS
It hit the lower circuit right at the start of the trading session and fell 4.92 per cent lower to hit a 52-week low of Rs 34.75 per shar...Read More
By PTI
New Delhi: Lakshmi Vilas Bank on Saturday said it has got shareholders' approval to raise up to Rs 1,000 crore by issuance of securities....Read More
By Agencies
Mumbai: The Reserve Bank of India (RBI) has initiated prompt corrective action for the troubled Lakshmi Vilas Bank (LVB), a day after the...Read More
By IANS
In May this year, Religare Enterprises had said that Lakshmi Vilas Bank misappropriated four fixed deposits of Religare Finvest worth Rs ...Read More