lakshmi vilas bank
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  • DBS facing lawsuits in India after takeover of Lakshmi Vilas Bank Feb 21, 2021 09:58 AM IST

    DBS facing lawsuits in India after takeover of Lakshmi Vilas Bank

    The amalgamation of LVB and the Indian unit of DBS was completed on November 27, 2020 after approval from the Reserve Bank of India.

  • RBI extends Rs 7,000-crore special liquidity assistance to DBS Bank: Report Jan 25, 2021 10:47 AM IST

    RBI extends Rs 7,000-crore special liquidity assistance to DBS Bank: Report

    The funds will be used by DBS Bank India to manage the mismatch arising out of erstwhile Lakshmi Vilas Bank's assets and liabilities, according to a news report.

  • DBS Bank infuses Rs2,500 crore in Indian arm for LVB deal Dec 04, 2020 05:14 PM IST

    DBS Bank infuses Rs2,500 crore in Indian arm for LVB deal

    DBS Bank India is well-capitalised, and its capital adequacy ratio (CAR) remains above regulatory requirements after the merger with Lakshmi Vilas Bank, DBS Bank said

  • LVB-DBS amalgamation: Madras HC's interim order gives some relief to LVB shareholders Nov 28, 2020 09:01 AM IST

    LVB-DBS amalgamation: Madras HC's interim order gives some relief to LVB shareholders

    The court, however, refused to intervene in the amalgamation of the bank with DBS.

  • LVB-DBS deal: Post equity capital, RBI directs LVB to write off tier-2 bonds as well Nov 26, 2020 08:19 PM IST

    LVB-DBS deal: Post equity capital, RBI directs LVB to write off tier-2 bonds as well

    As part of the scheme of amalgamation of Lakshmi Vilas Bank with DBS Bank India, the Reserve Bank of India ( RBI) has directec the lender to also write off tier-2 bonds worth around Rs 320 crore

  • Bombay HC declines interim relief to LVB promoter entities in DBS merger spat Nov 26, 2020 07:13 PM IST

    Bombay HC declines interim relief to LVB promoter entities in DBS merger spat

    A day before the final scheme of amalgamation between Lakshmi Vilas Bank and DBS Bank India becomes effective, these promoter group entities of the ailing south India-based lender had initiated legal action against the Reserve Bank of India, the Union of India, and DBS Bank

  • LVB-DBS deal: Post equity capital, RBI likely to write off tier-2 bonds of LVB as well Nov 26, 2020 06:30 PM IST

    LVB-DBS deal: Post equity capital, RBI likely to write off tier-2 bonds of LVB as well

    As part of the scheme of amalgamation of Lakshmi Vilas Bank with DBS Bank India, the Reserve Bank of India ( RBI) may soon move to also write off tier-2 bonds of the ailing lender worth around Rs 320 crore

  • LVB promoter group entities drag RBI, Govt, DBS Bank to Bombay HC; challenge final scheme of amalgamation Nov 26, 2020 03:10 PM IST

    LVB promoter group entities drag RBI, Govt, DBS Bank to Bombay HC; challenge final scheme of amalgamation

    The promoter group holds 6.80 per cent stake in Lakshmi Vilas Bank

  • NSE, BSE suspends trading in Lakshmi Vilas Bank; govt to merge it with DBS Bank Nov 26, 2020 11:17 AM IST

    NSE, BSE suspends trading in Lakshmi Vilas Bank; govt to merge it with DBS Bank

    All the branches of the Lakshmi Vilas Bank will function as branches of DBS Bank India from November 27.

  • LVB-DBS merger effective from Friday: 5 questions answered Nov 25, 2020 06:57 PM IST

    LVB-DBS merger effective from Friday: 5 questions answered

    Customers, including depositors of the LVB will be able to operate their accounts as customers of DBS Bank India with effect from November 27, 2020, the RBI said.

  • Curtain falls on 94-year-old LVB: Rise, fall and a painful end Nov 25, 2020 06:42 PM IST

    Curtain falls on 94-year-old LVB: Rise, fall and a painful end

    LVB was founded in 1926 by a group of businessmen in Karur in Tamil Nadu. The bank rose to prominence lending to small businesses. But, the fall came quick. Before it could complete a century of existence, the bank got knocked out by its own doing.

  • LVB moratorium to be lifted on Friday; all branches to function as DBS Bank, says RBI Nov 25, 2020 06:21 PM IST

    LVB moratorium to be lifted on Friday; all branches to function as DBS Bank, says RBI

    The government on November 25 cleared the final scheme for the amalgamation of LVB with DBS Bank India.

  • LVB - DBS Bank merger: Govt approves final scheme of amalgamation; no change in equity write-off clause Nov 25, 2020 03:41 PM IST

    LVB - DBS Bank merger: Govt approves final scheme of amalgamation; no change in equity write-off clause

    According to the draft scheme of amalgamation, the entire paid-up share capital of LVB would be written off after the transaction

  • The Market Podcast | Rajesh Saluja explains how one can avoid getting trapped in LVB like crisis Nov 20, 2020 05:15 PM IST

    The Market Podcast | Rajesh Saluja explains how one can avoid getting trapped in LVB like crisis

    Tune in to The Market Podcast to find out what happened in the market

  • RBI's swift resolution of Lakshmi Vilas Bank to maintain sector stability: S&P Nov 19, 2020 03:40 PM IST

    RBI's swift resolution of Lakshmi Vilas Bank to maintain sector stability: S&P

    As part of the proposal, DBIL, the wholly owned subsidiary of Singapore-based DBS Bank, will inject Rs 2,500 crore into the merged entity to support its financial position. S&P said this deal is positive for India’s banking sector and will bring much-needed relief to LVB, which has been struggling for many years.

  • Retail investors of Lakshmi Vilas Bank on the losing end; 3 rules to follow to avoid such cases Nov 19, 2020 01:44 PM IST

    Retail investors of Lakshmi Vilas Bank on the losing end; 3 rules to follow to avoid such cases

    Small investors have repeatedly burnt their fingers by dabbling in troubled banks or penny stocks.

  • The lessons Lakshmi Vilas Bank debacle holds for retail investors Nov 19, 2020 11:53 AM IST

    The lessons Lakshmi Vilas Bank debacle holds for retail investors

    Lakshmi Vilas Bank was struggling for the last few years and it was reflected in its share price, too, but some investors bought the stock in the hope of making a killing from an expected revival but that has not been the case.

  • Lakshmi Vilas Bank investors to approach RBI to stop merger with DBS Bank Nov 19, 2020 11:46 AM IST

    Lakshmi Vilas Bank investors to approach RBI to stop merger with DBS Bank

    Shareholders of Lakshmi Vilas Bank have suggested other options for the resolution of the stressed lender, including a bidding process from prospective suitors.

  • After a 20% fall, is more pain in the offing for Lakshmi Vilas Bank investors? Nov 19, 2020 08:50 AM IST

    After a 20% fall, is more pain in the offing for Lakshmi Vilas Bank investors?

    Investors should choose only top-quality names with long track record of governance and impeccable managerial competence.

  • Lakshmi Vilas Bank moratorium: Bank has enough liquidity, depositors' money safe, says LVB administrator Nov 19, 2020 08:28 AM IST

    Lakshmi Vilas Bank moratorium: Bank has enough liquidity, depositors' money safe, says LVB administrator

    LVB administrator TN Manoharan said since the moratorium was clamped the bank saw only Rs 10 crore withdrawal through ATMs

  • Explained | Lakshmi Vilas Bank under moratorium, to be merged with DBS: What does it mean for depositors? Nov 18, 2020 09:11 PM IST

    Explained | Lakshmi Vilas Bank under moratorium, to be merged with DBS: What does it mean for depositors?

    Lakshmi Vilas Bank under a one-month moratorium, find out what it means here

  • Liquidity not an issue at Lakshmi Vilas Bank; Clix loan book had issues: LVB director Shakti Sinha Nov 18, 2020 01:57 PM IST

    Liquidity not an issue at Lakshmi Vilas Bank; Clix loan book had issues: LVB director Shakti Sinha

    Clix is a non-banking phenomenon, it works on a different set of rules and a bank has to be governed by the banking regulations and RBI requirements, Sinha said

  • Lakshmi Vilas Bank curbs: Here’s what customers should do immediately Nov 18, 2020 12:07 PM IST

    Lakshmi Vilas Bank curbs: Here’s what customers should do immediately

    Lakshmi Vilas Bank account holders can withdraw up to Rs 25,000, including outflows on SIPs and EMIs. Your money is safe. But change bank mandates soon. The merger with DBS Bank will smoothen things

  • LVB-DBS merger: Facing a wipeout, LVB’s ‘shocked’ equity holders weigh legal action Nov 18, 2020 10:02 AM IST

    LVB-DBS merger: Facing a wipeout, LVB’s ‘shocked’ equity holders weigh legal action

    According to the draft scheme of amalgamation of Lakshmi Vilas Bank with DBS Bank India, the entire amount of the paid-up share capital will be written off. Some institutional investors Moneycontrol spoke to said they would consult legal experts before deciding on the way forward

  • Lakshmi Vilas Bank share price tanks 20% as RBI puts bank under moratorium Nov 18, 2020 09:24 AM IST

    Lakshmi Vilas Bank share price tanks 20% as RBI puts bank under moratorium

    As per the draft scheme of amalgamation of the Lakshmi Vilas Bank (LVB) with DBS Bank India, the entire amount of the paid-up share capital will be written off.

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