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CLIX HOUSING FINANCE
Clix Housing Finance partners with IMGC for mortgage guarantee-backed home loansIMGC is providing various surrogate products for self-employed customers like banking product, Low LTV product, assessed income product to ...- DBS merger: Lakshmi Vilas Bank's shareholders set to contest move to wipe out equityAll of the bank's equity, including the shareholding of Indiabulls Housing Finance (4.99%), Srei Infrastructure Finance (3.34%), Capri Glob...
- RBI's Lakshmi Vilas Bank bailout plan: Singapore's DBS to infuse Rs 2,500 croreAs part of the bailout, depositors and bond holders in general will get their money back. Equity shareholders face a total loss of investme...
- RBI asks Lakshmi Vilas Bank to reconsider names proposed for new MD & CEOSubsequently, RBI appointed a three-member Committee of Directors (CoD) comprising independent directors Meeta Makhan, Shakti Sinha and Sat...
- Lakshmi Vilas Bank gets board's approval to raise Rs 500 cr via rights issueThe old-generation Chennai-based private sector bank, which has been on the lookout for an investor and capital for long, had to face a blo...
- Lakshmi Vilas Bank soars 16% on receiving non-binding merger offer from Clix GroupOn September 15, the capital-starved bank said it had agreed for an amalgamation with the mid-sized non-banking lender Clix Capital Group i...
- Lakshmi Vilas Bank gets non-binding offer from Clix GroupThe capital-starved bank announced that it has received an indicative non-binding offer from Clix Group, raising promises of its early revi...
- LVB shortlists three candidates for MD & CEO post; to send names to RBI in a weekThe Committee of Directors (CoD) at the troubled Lakshmi Vilas Bank (LVB) has shortlisted three candidates for the post of MD and CEO, , an...
- RBI approves 3-member committee of directors to manage Lakshmi Vilas BankThe development comes a few days after its shareholders rejected the appointment of seven directors, including the Managing Director, Chief...
- What should Lakshmi Vilas Bank's small investors do after ousting of CEO?Lakshmi Vilas Bank is a thinly-tracked stock, as analysts said it is becoming more of a speculative play after the recent deterioration in ...
- LVB plunges 6%, recovers fully: 5 things the management said to allay investor concernsLVB’s newly appointed CEO S Sundar was also voted out with the shareholders rejecting his appointment.
- LVB crisis deepens as shareholders vote out current managementVoting results released late on Saturday night showed that seven of the ten directors proposed to be reappointed by the bank in its 93rd an...
- Clix's Pramod Bhasin says could approach RBI within four weeks for LVB merger"Getting the paper work done, meeting people, sharing information and the general due diligence has been a challenge due to the pandemic so...
- Lakshmi Vilas Bank climbs 5% on fundraising plan, foreign shareholding limitThe bank has been borrowing funds for augmenting capital funds to support business growth as directed by RBI within the limits approved by ...
- What work-from-home means for commercial real estateThough demand for office space will come down, it is not expected to crash. Many employers will need to scale up the usable area for each e...
- Lakshmi Vilas Bank climbs for 4th day on merger talks, up 5%The bank in the past couple of years has faced liquidity and asset quality issues and has been looking for prospective investors and buyers.
- Pramod Bhasin’s Clix Capital seeks merger with LVBUnder the regulatory requirement, new shareholders and directors have to meet the ‘fit and proper’ criteria laid down by RBI.
- Repayment rising in micro loans; mixed bag for MSME, retailAbout 25-40 per cent of microfinance borrowers have started paying back their dues at the end of May, better than April's 10-15 per cent, a...
- MoneyTap appoints Barindra Dutta as Director of Data SciencesDutta joins the company from Indiabulls, a leading financial services group in housing and consumer finance, where he was the head of advan...
- Clix Capital may buy Religare stake in housing finance firmReligare Enterprises, which owns an 87.5 per cent stake in the housing finance firm, is divesting its ownership in various companies to tid...
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