View: UCBs are now RBI’s baby — just like YES Bank and LVB areThe troubles with Yes Bank were as much a reflection of questionable loans as it was of regulatory lapses. Letting a large, new-age bank co...
28 Jun, 2021, 11.12 AM 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
IDBI Trusteeship sends another appeal to RBI, requests to compensate LVB bondholdersThe IDBI trustee services in its letter to the RBI has also stated that bond holders have been requesting to either provide for paying-off ...
16 Dec, 2020, 02.18 PM IST
Bombay High Court to hear petitions challenging LVB-DBS merger on December 22The division bench of Justice Nitin Jamdar and Justice Milind Jadhav after hearing the lawyers said the matter will be kept for direction o...
15 Dec, 2020, 03.14 PM IST
RBI, DBS move Supreme Court, want all LVB merger cases transferredIn a hearing before the Madras High Court on Monday senior counsel Mukul Rohatgi appearing for DBS Bank submitted that the matter of transf...
14 Dec, 2020, 08.44 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 (India) Bank wants Madras HC single bench to hear LVB matterThe division bench of the Madras high court last week passed an interim order protecting shareholders of LVB and said no prejudicial action...
02 Dec, 2020, 07.19 PM IST
LVB bondholders file petition in Madras HC against tier 2 write-offThe bond holders have also argued that when the regulator moved to protect public deposits worth Rs 20,000 crore, it should also have consi...
01 Dec, 2020, 10.01 PM IST
Singapore's DBS says it has completed takeover of distressed Lakshmi Vilas BankSoutheast Asia's largest lender, which will pump in 25 billion rupees ($338 million) into its India unit, until recently had just over 30 b...
30 Nov, 2020, 04.23 PM IST
LVB bondholders gear up for court battleA petition could be filed in the Madras High Court this week, said people that are part of the plan, joining shareholders and promoters tha...
30 Nov, 2020, 08.26 AM IST
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...
20 Nov, 2020, 09.53 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
View: With Lakshmi Vilas Bank, India is finally getting a bank rescue rightThe moth-eaten LVB will cease to exist, its equity completely wiped out. Only its deposits will appear on the books of the India unit of DB...
18 Nov, 2020, 01.43 PM IST
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...
30 Sep, 2020, 10.55 PM IST
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...
28 Sep, 2020, 06.22 PM IST
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.
28 Sep, 2020, 01.57 PM IST
Indiabulls Housing Finance may invest Rs 250 crore in LVBThe bank is now in talks with a credit rating company to obtain a rating grade for such perpetual bond issuance.
23 Jul, 2019, 08.49 AM IST