Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index

In a report on Monday, Moody's Investors Service said the proposal will commit the largest 25-30 NBFCs to regulations similar to banks regarding capital, credit concentration and governance

On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March

There is some hope with the new merger partner DBS Bank. But the bad loan story is not over yet as many fear the skeletons would tumble out of the closets in the months to come

Jupiter Capital continues to hold a significant part of its holding in Lakshmi Vilas Bank

LVB is a small bank and its failure won't significantly impact the banking sector, but it's the loss of confidence and trust in banking system that has escalated with this crisis

The troubled lender with 566 branches saw its capital adequacy ratio fall to 0.17 per cent in June 2020; it had Rs 13,827 crore in outstanding loans and deposits worth Rs 21,443 crore at the end of FY20

Payments to the creditors have been capped at Rs 25,000 during the period of moratorium. Withdrawals above Rs 25,000 have been permitted in case of unforeseen expenses

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

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

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

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

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

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

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.

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

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

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

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

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