The post-pandemic period saw massive pent-up demand amongst sectors severely impacted due to Covid-19 and the subsequent lockdowns, such as...

Through this partnership, both companies will build solutions to plug the significant challenges that MSMEs face in raising funding to grow...

Pramod Bhasin, the founder of Clix Capital told ET: "We have to decide this urgently. We are happy to walk away from the deal and get on wi...

The Reserve Bank of India had advised the bank to maintain provisions, on a prudential basis, to cover potential losses for the "claim agai...

Following the development, the stock fell 8.65 per cent to hit a low of Rs 14.25 on BSE.

"Now, the respective sides are in the process of a workable and mutually acceptable framework," the bank announced Saturday.

On September 15, the capital-starved bank said it had agreed for an amalgamation with the mid-sized non-banking lender Clix Capital Group i...

The capital-starved bank announced that it has received an indicative non-binding offer from Clix Group, raising promises of its early revi...

"We wish to inform that the mutual due diligence is substantially complete, and the parties are in discussions on the next steps. The bank ...

"We are investing our time in it because we are quite positive and confident about the deal," one of the persons said.

"There may be slight delay in the mutual due diligence and preparation of documents for regulatory requirements due to Covid situation and ...

The bank needs capital to grow and make profit, and "we have got Clix as they have expressed their interest to merge with the bank. The adv...

The bank in the past couple of years has faced liquidity and asset quality issues and has been looking for prospective investors and buyers.

Shares of the mid-size private sector lender got locked at 5 per cent upper circuit limit at Rs 16.06 on BSE.

The market capitalisation of Lakshmi Vilas Bank (LVB) was Rs 515 crore at Monday’s stock price of Rs 15.3 apiece on the bourses. The stock ...

Firm to use funds to build consumer lending business, digital platform.

This comes after negotiations between the unlisted private sector bank and Canadian billionaire Prem Watsa-controlled Fairfax fell through ...