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Dec 03, 2020 07:46 PM IST 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
Dec 01, 2020 02:06 PM IST 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
Dec 01, 2020 09:25 AM IST At present interest rates and services with LVB remain unchanged until integration process is completed
Nov 26, 2020 03:10 PM IST The promoter group holds 6.80 per cent stake in Lakshmi Vilas Bank
Nov 23, 2020 10:08 AM IST In Yes Bank’s and LVB’s cases, a set of stakeholders was made to bear the losses
Nov 20, 2020 05:15 PM IST Tune in to The Market Podcast to find out what happened in the market
Nov 20, 2020 08:45 AM IST 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.
Nov 19, 2020 11:50 AM IST PMC, Yes Bank and LVB—all three episodes have important lessons for investors and depositors
Nov 19, 2020 11:46 AM IST Shareholders of Lakshmi Vilas Bank have suggested other options for the resolution of the stressed lender, including a bidding process from prospective suitors.
Nov 17, 2020 10:24 PM IST 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.
Nov 17, 2020 08:39 PM IST The move, based on an application made by the Reserve Bank of India, was announced through an order by the Ministry of Finance.
Nov 17, 2020 07:16 PM IST 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.
Nov 17, 2020 07:02 PM IST The Reserve Bank of India, in consultation with the Central government, has superseded the board of directors of LVB for a period of 30 days owing to a serious deterioration in the financial position of the bank.
Oct 01, 2020 12:22 PM IST Regulator needs to restore depositor trust, introspect on overhaul of its supervision system
Sep 26, 2020 07:13 PM IST 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
Oct 11, 2019 08:20 AM IST 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.
Apr 05, 2019 06:05 PM IST 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.
Jan 21, 2017 02:14 PM IST 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.
Apr 27, 2016 06:28 PM IST The bank had posted a net profit of Rs 40.07 crore in the corresponding January-March period of 2014-15.
