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DBS LVB MERGER
SC stays Madras HC order asking RBI to evaluate assets of LVB & Indian arm of DBS SingaporeA bench comprising Chief Justice D Y Chandrachud and Justices JB Pardiwala and Manoj Misra stayed the high court order and issued notices t...- A HC ruling raises hopes of recovery for LVB bondholdersThe tier-2 bonds have a loss absorbency feature, which means that if a bank fails, its tier-2 bondholders will absorb any losses ahead of i...
- Supreme Court quashes Religare Finvest's plea against DBS Bank IndiaThe original petition, a civil suit at the Delhi High Court (HC) and an FIR with the Economic Offences Wing of the Delhi Police, were filed...
- Post LVB merger, DBS Bank India reports higher net profit for FY21; NPAs zoomDBS Bank India, which bailed out LVB and in the process increased its network, had reported a post tax net of Rs 111 crore in FY20.
- Bombay and Madras high courts adjourn LVB-DBS merger casesOn Tuesday, the division bench of Justice Nitin Jamdar and Justice Milind Jadhav heard lawyers for all the parties and have adjourned the c...
- Bondholders of LVB write to CJILakshmi Vilas Bank wrote down Basel III-compliant tier-2 bonds worth Rs 320 crore on November 26, just a day before its amalgamation with D...
- DBS Bank India gets Rs 2,500 cr capital support from parent for LVB mergerDBIL said it is well-capitalised, and its capital adequacy ratios (CAR) remains above regulatory requirements after the amalgamation.
- Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history nowThe debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalag...
- RBI has set precedence in LVB bond write-off, will hurt other banks: ReportDuring the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrumen...
- LVB to become DBS Bank India, cash withdrawal allowed from FridayFollowing the approval, DBS Group Holdings — Singapore's biggest bank — will take over Lakshmi Vilas Bank in a deal pushed by the RBI. This...
- LVB shares rise after Cabinet approves merger with DBS IndiaOn November 17, the RBI unveiled a draft merger scheme under which DBS will infuse Rs 2,500 crore regulatory capital into the cash-strapped...
- What Lakshmi Vilas Bank account customers should do post imposition of moratorium?If you are a customer of LVB, you would be understandably worried about the future of the bank and more importantly, your own money in the ...
- RBI's swift resolution of Lakshmi Vilas Bank to maintain sector stability: S&PThe Reserve Bank has proposed merging Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). As part of the proposal, DBIL, the wholly ow...
- DBS faces potential culture clash as it scoops up distressed Lakshmi Vilas BankLVB, facing mounting bad loans and governance issues and a failure to secure capital, is set to be folded into DBS's Indian subsidiary unde...
- Bonanza? A possible rerating brings cheer for LVB bondholders“The bank could at least be upgraded to investment grade after the merger with a strong backing from a foreign lender,” a senior executive ...
- With Lakshmi Vilas deal, DBS faces potential culture clashLVB, facing mounting bad loans and governance issues and a failure to secure capital, is set to be folded into DBS's Indian subsidiary unde...
- Merger with LVB to strengthen DBS Bank's India biz: Moody'sMoody's said India and Indonesia are DBS' core foreign markets where it is actively growing its digital banking services, and had more than...
- Merger with Lakshmi Vilas Bank to strengthen DBS Bank's India biz: Moody'sBanking regulator RBI on Tuesday announced a draft scheme to amalgamate the troubled Lakshmi Vilas Bank (LVB) into DBS Bank India, which is...
- Confident LVB moratorium will be lifted within one month, says RBI-appointed administratorTamil Nadu based LVB was put under moratorium on Tuesday evening through a government notification. A few minutes later the RBI issued a dr...
- Lakshmi Vilas Bank hits 20% lower circuit limit after DBS merger news"Given the small size of LVB, the RBI seems to have chosen the route of amalgamation with another foreign private bank instead of a unique ...
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