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  Lakshmi Vilas Bank customers can access all services; no change in interest rates as of now: DBS

  Business | November 30, 2020 14:35 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.

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  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.

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  Lakshmi Vilas Bank branches to operate as DBS Bank India Ltd from Friday

  Business | November 25, 2020 19:08 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.

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  Lakshmi Vilas Bank merger with DBS India approved, no more restrictions on withdrawals

  Business | November 25, 2020 19:08 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.

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  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  The government has placed Lakshmi Vilas Bank (LVB) under one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.

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  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.

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  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.  

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  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.

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  After Lakshmi Vilas Bank, RBI imposes withdrawal limit on THIS bank

  Business | November 18, 2020 11:02 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.