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Total 17 results found. Search for [ Prompt Corrective Action against Lakshmi Vilas Bank ]

Results 1 to 17 of 17
Anand Adhikari
November 19, 2020
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


Anand Adhikari & Rajeev Dubey
November 19, 2020
Jupiter Capital continues to hold a significant part of its holding in Lakshmi Vilas Bank


BusinessToday.In
November 18, 2020
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


Anand Adhikari
November 17, 2020
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


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


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


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
October 9, 2019



BusinessToday.In
October 3, 2019
Lakshmi Vilas Bank (LVB) announced that Supriya Prakash Sen has resigned from the directorship of the bank on personal grounds.


BusinessToday.In
September 30, 2019
Indiabulls Housing Finance stock opened today with a loss of 6.79% to Rs 363, also its day's high. Later, the stock crashed 37.8% and touched an intraday low as well as fresh 52-week low of Rs 240.10, against the last closing price of Rs 389.45 on BSE


BusinessToday.In
September 30, 2019
IRCTC IPO is the largest of all four entities offered by the Indian Railways after RITES, Rail Vikas Nigam and Ircon. It has turned out to be most-watched share sale by prospective investors in recent times


BusinessToday.In
September 30, 2019
  Lakshmi Vilas Bank said it was placed under PCA on account of high net NPAs, insufficient capital to risk (Weighted) assets ratio (CRAR) and common equity tier 1 (CET 1) , negative RoA (return on assets) for two consecutive years and high leverage, base on the on-site inspection under the Risk-Based Supervision carried out for the year ended on March 31.


BusinessToday.In
New Delhi, September 28, 2019
Shareholders approved the resolution to raise authorised share capital from Rs 500 crore, divided into 50 crore equity shares of Rs 10 each, to Rs 650 crore, divided into 65 crore equity shares


BusinessToday.In
New Delhi, September 28, 2019
The RBI has advised the bank on steps that are required to be taken, with progress to be reported monthly to the central bank, Lakshmi Vilas Bank Limited tells the stock exchanges


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