Lakshmi Vilas Bank'

DBS Bank India gets Rs 2,500 crore capital support from parent for Lakshmi Vilas Bank  merger

DBS Bank India gets Rs 2,500 crore capital support from parent for Lakshmi Vilas Bank merger

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

RBI asks LVB to write down Rs 318.20 crore of Tier 2 bonds

RBI asks LVB to write down Rs 318.20 crore of Tier 2 bonds

Also, Mumbai HC admits writ petition for compensation to LVB shareholders

Padmashree Inc sells shares worth Rs 1.39 cr of Lakshmi Vilas Bank

Padmashree Inc sells shares worth Rs 1.39 cr of Lakshmi Vilas Bank

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

Lakshmi Vilas Bank and DBS Bank India merger to be effective from November 27

Lakshmi Vilas Bank and DBS Bank India merger to be effective from November 27

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

97,245 individual LVB shareholders lay their hopes on institutional ones

97,245 individual LVB shareholders lay their hopes on institutional ones

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

Merger with LVB to strengthen DBS Bank's India biz: Moody's

Merger with LVB to strengthen DBS Bank's India biz: Moody's

Banking regulator RBI on Tuesday announced a draft scheme to amalgamate the troubled Lakshmi Vilas Bank (LVB) into DBS Bank India, which ...Read More

Lakshmi Vilas Bank Crisis: Here is how you can withdraw more than Rs 25,000 from your account

Lakshmi Vilas Bank Crisis: Here is how you can withdraw more than Rs 25,000 from your account

Following an application submitted by the Reserve Bank of India (RBI), the Central government on Tuesday brought Lakshmi Vilas Bank under...Read More

FPJ Explains: Everything you need to know about Lakshmi Vilas Bank crisis

FPJ Explains: Everything you need to know about Lakshmi Vilas Bank crisis

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

Lakshmi Vilas Bank under moratorium till Dec 16; withdrawals capped at Rs 25,000

Lakshmi Vilas Bank under moratorium till Dec 16; withdrawals capped at Rs 25,000

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

Govt places Lakshmi Vilas Bank under moratorium from Nov 17 to Dec 16

Govt places Lakshmi Vilas Bank under moratorium from Nov 17 to Dec 16

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

RBI approves 3-member committee of directors to manage Lakshmi Vilas Bank

RBI approves 3-member committee of directors to manage Lakshmi Vilas Bank

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

FPJ Facts: What is the role of almighty Venkataramana Swamy in Lakshmi Vilas Bank?

FPJ Facts: What is the role of almighty Venkataramana Swamy in Lakshmi Vilas Bank?

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

LVB Directors voted out by part of promoter group, institutions, public

LVB Directors voted out by part of promoter group, institutions, public

At the bank's annual general meeting, held on September 25 via video conferencing, the shareholders also voted against the resolution for...Read More

With Lakshmi Vilas Bank deal behind us, it is business as usual with more agility: IHFL

With Lakshmi Vilas Bank deal behind us, it is business as usual with more agility: IHFL

On Wednesday, the Reserve Bank had rejected a proposal to merge Indiabulls Housing Finance Ltd (IBHFL) with the Tamil Nadu-based troubled...Read More

RBI rejects proposed IHFL, Lakshmi Vilas Bank merger

RBI rejects proposed IHFL, Lakshmi Vilas Bank merger

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

Lakshmi Vilas Bank independent director resigns citing personal reasons

Lakshmi Vilas Bank independent director resigns citing personal reasons

Lakshmi Vilas Bank (LVB) on Wednesday said its independent director Supriya Prakash Sen has resigned from its board on personal grounds.T...Read More

Lakshmi Vilas Bank's stocks slump 5% as RBI initiates PCA

Lakshmi Vilas Bank's stocks slump 5% as RBI initiates PCA

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

Lakshmi Vilas Bank gets shareholders' nod to raise up to Rs 1k cr

Lakshmi Vilas Bank gets shareholders' nod to raise up to Rs 1k cr

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

RBI initiates prompt corrective action for Lakshmi Vilas Bank

RBI initiates prompt corrective action for Lakshmi Vilas Bank

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

Economic Offences Wing registers FIR against Lakshmi Vilas Bank in Delhi

Economic Offences Wing registers FIR against Lakshmi Vilas Bank in Delhi

In May this year, Religare Enterprises had said that Lakshmi Vilas Bank misappropriated four fixed deposits of Religare Finvest worth Rs ...Read More

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