Lakshmi Vilas Bank Latest News, Photos and Videos

Lakshmi Vilas Bank customers can access all services; no change in interest rates as of now: DBS
Business | November 30, 2020 14:32 IST
DBS Bank India on Monday said customers of Lakshmi Vilas Bank, which has now been merged with it, can continue to access all banking services, and interest rates on savings and fixed deposits are unchanged as of now. Lakshmi Vilas Bank (LVB) has now been amalgamated with DBS Bank India Ltd (DBIL), the wholly-owned subsidiary of DBS Group Holdings Ltd, DBS Bank India said in a statement.
Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now
Business | November 27, 2020 19:03 IST
The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation.
Lakshmi Vilas Bank branches to operate as DBS Bank India Ltd from Friday
Business | November 25, 2020 18:31 IST
Lakshmi Vilas Bank Ltd. branches will operate as DBS Bank India Ltd. branches from November 27, 2020. The development has come hours after the Cabinet announced that it has approved the merger of Lakshmi Vilas Bank Ltd. with DBS India.
Union Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank India Limited
News | November 25, 2020 18:28 IST
While addressing a press conference in the national capital on November 25, Information and Broadcasting Minister Prakash Javadekar informed that the Union Cabinet has approved Scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited.
Lakshmi Vilas Bank merger with DBS India approved, no more restrictions on withdrawals
Business | November 25, 2020 16:02 IST
Days after a month long moratorium was imposed on the Tamil Nadu based Lakshmi Vilas Bank, the Union Cabinet on Wednesday approved the scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited.
Lakshmi Vilas Bank stock tanks over 55 per cent in 7 trading sessions
Business | November 25, 2020 13:22 IST
The government has placed Lakshmi Vilas Bank (LVB) under one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.
Investors continue to dump Lakshmi Vilas Bank shares; stock tanks over 48 pc in 5 days
Business | November 23, 2020 12:55 IST
On Monday, the stock plunged 10 per cent to Rs 8.10 -- its lower circuit limit as well as one year low -- on the BSE.
Lakshmi Vilas Bank shares slump 20%; hit lower circuit
Business | November 19, 2020 12:20 IST
Shares of Lakshmi Vilas Bank slumped further and fell 20 per cent to hit its lowest permissible trading limit in early trade on Thursday after the government placed the lender under a one-month moratorium and superseded its board. The shares plunged 19.76 per cent on BSE to hit its lower circuit limit of Rs 9.95. Similarly, on NSE the scrip hit a lower circuit of Rs 10, diving 19.68 per cent.
Merger with LVB to strengthen DBS Bank's India business: Moody's
Business | November 18, 2020 19:06 IST
Moody's Investors Service on Wednesday said Singapore's DBS Bank will strengthen its India business following merger with troubled Lakshmi Vilas Bank.
Lakshmi Vilas Bank depositors' money safe, says RBI-appointed administrator
Business | November 18, 2020 16:51 IST
T N Manoharan, the RBI-appointed administrator of Lakshmi Vilas Bank, on Wednesday said that depositors' money is safe and expressed confidence of completing the lender's merger with DBS Bank India within the deadline set by the regulator.
After Lakshmi Vilas Bank, RBI imposes restrictions on withdrawal from THIS bank
Business | November 18, 2020 10:35 IST
The RBI, in a release, said it has issued certain directions to Mantha Urban Cooperative Bank, Mantha District Jalna, Maharashtra, from the close of business on November 17, 2020.
Lakshmi Vilas Bank shareholders not to get anything, key managerial personnel may lose job
Business | November 18, 2020 8:36 IST
As per the draft amalgamation scheme, the RBI has said on and from the appointed date, the entire amount of the paid-up share capital and reserves and surplus, including the balances in the share/securities premium account of the transferor bank (LVB), shall stand written off.
RBI restricts withdrawals at Rs 25,000 from Lakshmi Vilas Bank till Dec 16
Business | November 17, 2020 21:15 IST
The Reserve Bank of India (RBI) has capped withdrawal limit at Rs 25,000 from Lakshmi Vilas Bank till December 16 due to its detoriating financial condition and safeguard the interest of its customers till a resolution is reached.
Under moratorium, RBI proposes to merge Lakshmi Vilas Bank with DBS Bank
Business | November 17, 2020 20:48 IST
The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme to Lakshmi Vilas Bank with DBS Bank India Ltd, a wholly-owned subsidiary of DBS Bank Ltd (DBIL), Singapore. The decision came soon after it had imposed a one-month moratorium on the private lender and capped deposit withdrawals at Rs. 25,000.
Lakshmi Vilas Bank Directors voted out by part of promoter group, institutions, public
Business | September 27, 2020 16:50 IST
Even as shareholders of Lakshmi Vilas Bank voted out a majority of the board members, including promoter K.R. Pradeep, the voting pattern, as per the regulatory filing, shows some interesting aspects.
Lakshmi Vilas Bank's non-independent director resigns
Business | November 02, 2019 15:29 IST
A statement issued by Lakshmi Vilas Bank on Friday said: "Anuradha Pradeep (Non-Executive and Non-Independent Director) has resigned from the directorship of the bank on November 01, 2019."