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Total 387 results found. Search for [ Prompt Corrective Action ]

Results 1 to 21 of 387
Anand Adhikari
October 14, 2020
While the proposal of the Clix Group for a merger with Lakshmi Vilas Bank is pending with the Reserve Bank of India, the board of the bank is meeting tomorrow to take a call on the rights issue


Anand Adhikari
October 12, 2020
State Bank of India, Bank of Baroda, Bank of India and Indian Bank are among half a dozen banks that have provided funds to the company


Anand Adhikari
October 5, 2020
While the 94-year Laksmi Vilas Bank is a much smaller bank with a balance sheet of Rs 25,000 crore, one-tenth of YES Bank and one-twelfth of IDBI Bank, it needs immediate infusion of capital


BusinessToday.In
September 29, 2020
LVB, in a regulatory filing, said the committee of independent directors will exercise the discretionary powers of MD & CEO in the ad-interim, which includes Meeta Makhan, Chairperson of the CoD, Shakti Sinha, Member and Satish Kumar Kalra, Member


Chitranjan Kumar
September 17, 2020
The government owns 83-96 per cent stake in these six PSBs, including Bank of India, Central Bank, Bank of Maharashtra, Indian Overseas Bank, Punjab and Sind Bank and UCO Bank, with market value of Rs 58,000 crore as of July 2020


PTI
September 7, 2020
LVB said it will seek approval for the proposals from its shareholders in the upcoming annual general meeting (AGM) on September 25 which will take place through audio/visual means due to the coronavirus pandemic


BusinessToday.In
August 17, 2020
India Stock Market News Updates Today: NTPC, Tata Steel, L&T, Titan and Kotak Bank were among the major gainers on Sensex pack. While, RIL, SBI, HDFC, HDFC Bank, Axis Bank and ICICI Bank were among the top laggards.


Anand Adhikari
July 29, 2020
In his new book titled 'Quest For Restoring Financial Stability In India', Acharya delves into the nature of pressure he worked under at the Reserve Bank of India


Chitranjan Kumar
July 28, 2020
IDBI Bank's provision and contingencies fell sharply by 88 per cent to Rs 888 crore in April-June quarter of this fiscal as against Rs 6,332 crore in the same period a year ago


BusinessToday.In
July 28, 2020
Acharya, in his book, \"Quest for Restoring Financial Stability in India, argues that numerous policies \"regressed\" the economic climate in the country while he was deputy governor between early January 2017 and mid-July 2019


PTI
July 13, 2020
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 advantage is that they are capital surplus and we are capital deficit,\" LVB, MD and CEO S Sundar told PTI in an interview


Dipak Mondal
June 19, 2020
Urjit Patel has been appointed for a 4-year tenure, starting June 22. He will succeed Vijay Kelkar as NIPFP Chairperson


PTI
New Delhi, June 14, 2020
COVID-19 pandemic has not only halted process of recovery of PSBs but it is going to have an adverse impact on financial health of private sector banks too


PTI
May 31, 2020
The sources said, the government will have to cut down its expected realisation from stake dilution of both LIC and IDBI Bank even if the market condition improves


Anand Adhikari
March 19, 2020
Covid-19 pandemic was like a bold from the blue. Over the last seven years, the banks had braved the first of its kind balance sheet clean up with RBI's asset quality review for stressed loans


Hari Hara Mishra
March 18, 2020
A fiscal package is warranted to support the job losses due to halting economy and sector specific revival plans. While heavy lifting is required at government level, monetary intervention is also warranted now for a smooth transition in overcoming the crisis


Anand Adhikari
New Delhi, March 17, 2020
The beleaguered private sector bank will soon be run by SBI-led consortium of investors. This is how things will pan out


BusinessToday.In
March 11, 2020
The stock price of lender has risen 0.35% in a week. However, it has declined 28% in a month, 16% in the year 2020 and 80% in one year's period. The market capitalisation of the micro-cap stock currently stands at Rs 483 crore.


PTI
March 7, 2020
All India Bank Employees' Association (AIBEA) on Saturday said the Resrve Bank must be held accountable and the government should start taking all the private sector banks under its fold


Anand Adhikari
March 5, 2020
RBI's decision to supersede the YES Bank board shows that the apex wants an administrator to thoroughly investigate the lender's books. Prashant Kumar, former Deputy MD and CFO of SBI, has been appointed as administrator


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