Lakshmi Vilas Bank

Lakshmi Vilas Bank


More Stories on Lakshmi Vilas Bank
PMC Bank was one of the cooperative banks placed under moratorium by the RBI

Parliament clears DICGC (Amendment) Bill, 2021; relief to customers of banks facing RBI curbs

Aug 09, 2021

Immediate beneficiaries of DICGC Act amendments will be thousands of depositors of banks like PMC Bank, Yes Bank and Lakshmi Vilas Bank. It will also ensure timely repayment to DICGC and expedite recoveries

Immediate beneficiaries of the DICGC Act amendments will be thousands of depositors of banks like PMC Bank, Yes Bank and Lakshmi Vilas Bank

Good news for PMC, LVB, Yes Bank customers; Cabinet clears amendments to DICGC Act

Jul 28, 2021

DICGC Act will provide a solution to the biggest issue of customers having zero access to their funds for a long period till RBI lifts curbs on them

For the January-March quarter, the company reported widening of its net loss to Rs 94.81 crore and its revenue from operation was 61.4 per cent down to Rs 141.04 crore

CCD withdraws vending machines from customer locations

Jul 02, 2021

According to a regulatory filing by Coffee Day Enterprises Ltd, a lot of vending machines installed by the company have been withdrawn from customers' locations in view of the pandemic situation

Anil Chawla, Co-founder, Clix Capital

Chawla's Camping Expeditions

Jan 21, 2021

By the time Anil Chawla, Co-founder, Clix Capital, was in his mid-50s, he had managed to tick off Everest base camp from his bucket list

The LVB-DBS amalgamation scheme was approved by the RBI on November 25, 2020 and the merger took place on November 27, 2020

Plea challenging Lakshmi Vilas Bank-DBS merger filed in Delhi HC

Jan 18, 2021

The petition in the Delhi High Court has been filed by lawyer Sudhir Kathpalia, who was also a shareholder in Lakshmi Vilas Bank (LVB)

Representative Image

Banking preview 2021: Consolidation, privatisation among 5 themes to watch out for

Dec 29, 2020

The six large PSBs have just seen consolidation. While the integration of IT infrastructure, people and branches will be a big headache, the market will be looking at synergies and gains

There are 3.25 lakh equity investors in DHFL as on September 30, 2020

Share market investors playing with fire in 'junk stock' DHFL

Dec 18, 2020

The stock that crashed to a low of Rs 8.40 in April this year has now gained a whopping 285 per cent in just nine months to touch Rs 32 per share

The merger of Lakshmi Vilas Bank with DBS Bank is effective from November 27, 2020

DBS Bank pole vaults into the league of BoA, JP Morgan, and RBL Bank in India

Dec 09, 2020

The merged balance sheet size or total assets at Rs 86,532 crore has put the bank in the league of Bank of America, JP Morgan and, RBL Bank

RBI Governor Shaktikanta Das

RBI to lay out digital payment security control directions: Shaktikanta Das

Dec 04, 2020

Draft directions on security of digital payment channels will be issued soon for public comments, he said

What will happen to fixed deposits in Lakshmi Vilas Bank?

Nov 30, 2020

Lakshmi Vilas Bank (LVB) has been merged with DBS Bank India Limited (DBIL), which is a subsidiary of Singapore's DBS Group Holdings Ltd, owing to serious deteriorations in the former's financial positions.

Further, all the branches of the Lakshmi Vilas Bank will function as branches of DBS Bank India from November 27

NSE suspends trading in Lakshmi Vilas Bank stock

Nov 26, 2020

The Central government on November 25 has sanctioned the final scheme of amalgamation between the crisis-hit lender and DBS Bank India, which is the wholly owned subsidiary of DBS Bank Singapore