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Railway Board flags violations in track clearance norms by station masters, directs complianceOccasionally, due to technical faults, the wheel-sensing machine (called the axle counter) may mistakenly show that a track is occupied whe...- 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...
- 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.
- Lakshmi Vilas Bank customers can access all services; no change in interest rates as of now: DBSThe amalgamation of LVB into DBS Bank India came into effect from November 27 under the special powers of the government and the Reserve Ba...
- 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...
- Banking union head demands that RBI nominees on LVB board should also be held liableTerming the handing over of the 94-year-old Karur-based Lakshmi Vilas Bank (LVB) to DBS Bank India Ltd without inviting any open bids as "m...
- 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...
- RBI should've called for bids from interested parties: Lakshmi Vilas Bank promoterThe Reserve Bank of India (RBI) is now offering the 563 branches (many branches, head office, corporate office-owned building) LVB and othe...
- RBI unlikely to change stance in LVB-DBS mergerThe erosion of LVB’s capital and the fact that bad loans comprised a quarter of its total loans mean that the central bank was left with ve...
- 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-LVB Deal: A hint to foreign banks, grim signal for shareholdersThe sudden announcement on Tuesday evening to impose a moratorium that restricts LVB customers from withdrawing money for a month is ostens...
- 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...
- 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.
- Lakshmi Vilas Bank appoints B K Manjunath as non-exec, independent directorNew Delhi, Jun 10 () Lakshmi Vilas Bank (LVB) on Wednesday said it has appointed B K Manjunath as its non-executive and independent directo...
- EoW files case against LVB, Singh Bros for fraudA first information report (FIR) has also been filed following a complaint by RFL, which claimed that it has been duped and hundreds of tho...
- Indiabulls Housing and its unit set for merger with Lakshmi Vilas BankUnder the earlier scheme of amalgamation announced on April 5, LVB was supposed to be merged with Indiabulls Housing Finance subject to reg...
- Merger overhang keeps IHF, LVB stocks under pressureLVB’s stock price on Wednesday was 0.107 times that of IHF.
- Shareholders of IBHF, LVB to gain from the proposed marriageThe deal values LVB’s weak business at close to four times its adjusted book value.
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