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DBS LVB MERGER
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 FY20.08 Jul, 2021, 03.13 PM IST- 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...22 Dec, 2020, 06.24 PM IST
- 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...09 Dec, 2020, 07.45 AM IST
- 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.04 Dec, 2020, 06.11 PM IST
- 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...27 Nov, 2020, 06.56 PM IST
- 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...27 Nov, 2020, 04.20 PM IST
- 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...26 Nov, 2020, 08.28 AM IST
- 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...25 Nov, 2020, 02.14 PM IST
- 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 ...19 Nov, 2020, 04.02 PM IST
- 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...19 Nov, 2020, 02.00 PM IST
- 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...19 Nov, 2020, 10.47 AM IST
- 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 ...19 Nov, 2020, 10.43 AM IST
- 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...19 Nov, 2020, 10.32 AM IST
- 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...18 Nov, 2020, 06.53 PM IST
- 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...18 Nov, 2020, 06.44 PM IST
- 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...18 Nov, 2020, 05.31 PM IST
- 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 ...18 Nov, 2020, 10.58 AM IST
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