Advertisement


Lakshmi Vilas Bank
Business  /  Published 19.04.21

RFL back in action

Religare Finvest Ltd is gearing up for new business after its debt restructuring plan was approved by a consortium of 18 lenders led by SBI, Religare Enterprises chairperson Rashmi Saluja said. RFL, ...
By PTI in New Delhi

Business  /  Published 18.01.21

Case against LVB merger

A plea in the Delhi high court has challenged the scheme of amalgamation of Lakshmi Vilas Bank with Development Bank of Singapore (DBS), contending that its shareholders have been “left in the l...
By PTI in New Delhi

Business  /  Published 04.12.20

PMC Bank: investors positive, says RBI governor

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the response from potential investors for the reconstruction of crisis-ridden Punjab and Maharashtra Co-operative Bank looks "p...
By Our Bureau and Agencies in Mumbai

Business  /  Published 28.11.20

End of the road for LVB

Tamil Nadu-based Lakshmi Vilas Bank (LVB) on Friday lost its identity after its merger with the Indian subsidiary of Singapore’s DBS Bank. The debt-ridden 94-year old bank’s fate was seal...
By PTI in New Delhi

Business  /  Published 27.11.20

Tier-II bonds written off

It’s not only the equity shares of Lakshmi Vilas Bank (LVB) that are being written down: there was bad news for those who had invested in the Tier II bonds of the lender as the Reserve Bank of I...
By Our Special Correspondent in Mumbai

Advertisement

Business  /  Published 27.11.20

Court refuses to stay LVB merger

The Bombay High Court has refused to stay the hastily-crafted amalgamation scheme under which Lakshmi Vilas Bank (LVB) is being folded into DBS Bank of India that comes into effect on Friday. Certain ...
By Our Bureau in Mumbai

Business  /  Published 26.11.20

Cabinet nod to LVB merger

The merger of Lakshmi Vilas Bank (LVB) with the Indian subsidiary of Singapore-based DBS Bank received the Union cabinet’s approval on Wednesday, following which the RBI said the curbs on the wi...
By Our Special Correspondent in New Delhi

Business  /  Published 25.11.20

Government approves LVB merger with DBS

The government on Wednesday approved the merger of crisis-ridden Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL) and removed restrictions on withdrawal of deposits by depositors. The Union Ca...
By Our Bureau, Agencies in New Delhi

Business  /  Published 25.11.20

Swadeshis oppose LVB merger plan

RSS-affiliated Swadeshi Jagran Manch has staunchly opposed the RBI supervised merger of Lakshmi Vilas Bank (LVB) with Singapore-based DBS, alleging the deal lacks transparency and is in contrary to th...
By Our Special Correspondent in New Delhi

Business  /  Published 19.11.20

Lakshmi Vilas Bank shares reduced to scrap

The shareholders of Lakshmi Vilas Bank (LVB) will get nothing from the proposed merger with DBS Bank India Limited — a disagreeable prospect they woke up to a day after the details of the amalga...
By Our Special Correspondent in Mumbai


Advertisement

Download our latest App

to get update on the go...

Advertisement

Advertisement
 
Copyright © 2020 The Telegraph. All rights reserved.