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Budget 2021

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Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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19 Results Found
  • Delhi HC issues notice to DBS Bank in the Religare deposit fraud case Dec 03, 2020 07:46 PM IST

    Delhi HC issues notice to DBS Bank in the Religare deposit fraud case

    On 27 November, the Lakshmi Vilas Bank-DBS Bank merger came into effect as per the amalgamation scheme notified by the government and the RBI

  • LVB hoped to clinch Clix deal on October 23, Saraswathi pooja day; delays made RBI lose patience, says former promoter Dec 01, 2020 02:06 PM IST

    LVB hoped to clinch Clix deal on October 23, Saraswathi pooja day; delays made RBI lose patience, says former promoter

    Following the developments at the bank’s AGM, when seven LVB directors were ousted, the new LVB management and Clix couldn’t complete the process in time, says KR Pradeep, former promoter of the bank

  • DBS Bank-LVB merger: What Lakshmi Vilas Bank’s depositors and borrowers must be aware of Dec 01, 2020 09:25 AM IST

    DBS Bank-LVB merger: What Lakshmi Vilas Bank’s depositors and borrowers must be aware of

    At present interest rates and services with LVB remain unchanged until integration process is completed

  • 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

  • Yes Bank and LVB cases: Are bail-ins preferred by the RBI in its rescue acts?   Nov 23, 2020 10:08 AM IST

    Yes Bank and LVB cases: Are bail-ins preferred by the RBI in its rescue acts?  

    In Yes Bank’s and LVB’s cases, a set of stakeholders was made to bear the losses

  • 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

  • DBS wanted to buy 50% stake of Lakshmi Vilas Bank in 2018, RBI did not agree: Promoter Nov 20, 2020 08:45 AM IST

    DBS wanted to buy 50% stake of Lakshmi Vilas Bank in 2018, RBI did not agree: Promoter

    According to the terms of the LVB-DBS amalgamation, the entire paid up share capital of the bank will be written off. This has shocked the bank’s equity investors.

  • Yes Bank and LVB rescued, but investors pay the price Nov 19, 2020 11:50 AM IST

    Yes Bank and LVB rescued, but investors pay the price

    PMC, Yes Bank and LVB—all three episodes have important lessons for investors and depositors

  • 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.

  • The LVB rescue act: How did DBS Bank India edge out other suitors? Nov 17, 2020 10:24 PM IST

    The LVB rescue act: How did DBS Bank India edge out other suitors?

    Upfront moolah matters in rescue acts of struggling entities and as part of the draft scheme of amalgamation, DBS Bank India will also infuse upfront capital of Rs 2500 crore to aid the credit growth of the merged entity.

  • Lakshmi Vilas Bank moratorium: What does it mean, what happens when RBI supersedes board and other questions answered Nov 17, 2020 08:39 PM IST

    Lakshmi Vilas Bank moratorium: What does it mean, what happens when RBI supersedes board and other questions answered

    The move, based on an application made by the Reserve Bank of India, was announced through an order by the Ministry of Finance.

  • Under moratorium, RBI says Lakshmi Vilas Bank to merge with DBS Bank Nov 17, 2020 07:16 PM IST

    Under moratorium, RBI says Lakshmi Vilas Bank to merge with DBS Bank

    Lakshmi Vilas Bank Moratorium and Merger: DBS Bank India will bring in additional capital of Rs 2,500 crore upfront, to support credit growth of the merged entity, the RBI said.

  • Govt places Lakshmi Vilas Bank under moratorium till December 16, imposes Rs 25,000 withdrawal limit Nov 17, 2020 07:02 PM IST

    Govt places Lakshmi Vilas Bank under moratorium till December 16, imposes Rs 25,000 withdrawal limit

    The Reserve Bank of India, in consultation with the Central government, has superseded the board of directors of LVB for a period of 30 days owing to a serious deterioration in the financial position of the bank.

  • RBI should put depositor interests first at Lakshmi Vilas Bank Oct 01, 2020 12:22 PM IST

    RBI should put depositor interests first at Lakshmi Vilas Bank

    Regulator needs to restore depositor trust, introspect on overhaul of its supervision system

  • Lakshmi Vilas Bank AGM | Section of shareholders vote against re-appointment of 7 directors and auditors Sep 26, 2020 07:13 PM IST

    Lakshmi Vilas Bank AGM | Section of shareholders vote against re-appointment of 7 directors and auditors

    LVB shareholders are unhappy with the way bank is managed and the sharp deterioration in finances. Opposition against appointment of directors, including CEO S Sundar, comes as lender is in talks with Clix Capital for a merger and secure much -needed capital

  • RBI has rejected Indiabulls Housing–Lakshmi Vilas Bank merger. What next? Oct 11, 2019 08:20 AM IST

    RBI has rejected Indiabulls Housing–Lakshmi Vilas Bank merger. What next?

    RBI’s rejection of the deal basically indicates that it does not trust the books of non-bank companies, particularly, those with links to the real estate sector. That would have ripple effect across the sector and increases the risk of contagion as fear and a trust deficit spreads throughout the financial system.

  • Lakshmi Vilas Bank approves merger with Indiabulls Housing Finance Apr 05, 2019 06:05 PM IST

    Lakshmi Vilas Bank approves merger with Indiabulls Housing Finance

    The merged entity's net worth will be Rs 19,472 crore, with 14,302 employees and a loan book of Rs 1.23 lakh crore.

  • SME loan portfolio to witness 15% growth: Lakshmi Vilas Bank Jan 21, 2017 02:14 PM IST

    SME loan portfolio to witness 15% growth: Lakshmi Vilas Bank

    A top official of Lakshmi Vilas Bank said the bank has augmented Rs 168 crore as part of capital infusion in the beginning of this financial year and is very strong at present.

  • Lakshmi Vilas Bank Q4 net up 22.5% at Rs 49 cr Apr 27, 2016 06:28 PM IST

    Lakshmi Vilas Bank Q4 net up 22.5% at Rs 49 cr

    The bank had posted a net profit of Rs 40.07 crore in the corresponding January-March period of 2014-15.

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