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LVB amalgamation with DBS akin to 2G spectrum scam: Subramanian Swamy

Chennai, Dec 3 | BJP Rajya Sabha MP Subramanian Swamy on Thursday urged Prime Minister Narendra Modi to liken the amalgamation of Lakshmi Vilas...

Smaller banks to face higher funding costs post LVB write-off

New Delhi, Dec 1 | The write-off of Lakshmi Vilas Bank's (LVB) debt is likely to hurt investor sentiment toward lower-rated and smaller Indian...

Amalgamation of LVB with DBS Bank completed, Rs 2,500 cr fund...

New Delhi, Nov 30 | Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of Singapore-based...

Amalgamation of LVB with DBS Bank completed, Rs 2,500 cr fund...

New Delhi, Nov 30 | Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of Singapore-based...

RBI asks LVB to write down Rs 318.20 crore of Tier...

Chennai, Nov 26 | In a sudden turn of events, some hours before the amalgamation of the Lakshmi Vilas Bank (LVB) with DBS Bank...

Mumbai HC admits writ petition for compensation to LVB shareholders

By Venkatachari JagannathanChennai, Nov 26 | Shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) have started knocking the doors of justice for a fair...

NSE suspends trading on LVB shares from Thursday

Mumbai, Nov 25 | The National Stock Exchange (NSE) has said that it will suspend trading on the shares of the Lakshmi Vilas Bank...

For CA Manoharan, LVB assignment was the shortest – 9 days

By Venkatachari JagannathanChennai, Nov 25 | For 64-year-old chartered accountant, law graduate and Padma Shri awardee T.N. Manoharan, the assignment as the administrator of...

Nearly 200 LVB branches were loss-making, 100 unviable: Ex-Director

By Venkatachari JagannathanChennai, Nov 24 | The superseded board of the 94-year-old Lakshmi Vilas Bank (LVB) was supposed to meet on November 18 and...

DBS Bank was ready to pay Rs 100/share for LVB in...

By Venkatachari JagannathanChennai, Nov 20 | Advocating a proper valuation of the Lakshmi Vilas Bank (LVB), one of its promoters said that Singapore-based DBS...

LVB’s branch network alone can be valued at Rs 5,630 cr:...

By Venkatachari JagannathanChennai, Nov 20 | The 563 branches of the Karur based 94-year old Lakshmi Vilas Bank (LVB) can get a valuation of...

LVB shares fall 10% to hit 52-week low

Mumbai, Nov 20 | Shares of the Tamil Nadu-based beleaguered Lakshmi Vilas Bank continued to plunge on Friday as it fell nearly 10 per...

97,245 individual LVB shareholders lay their hopes on institutional ones

By Venkatachari JagannathanChennai, Nov 19 | Individual shareholders of Lakshmi Vilas Bank (LVB) are betting their hopes on institutional shareholders to secure some value...

Equity indices open in red, LVB shares fall 20%

Mumbai, Nov 19 | The key Indian equity indices opened on a negative note on Thursday due to profit booking along with weakness in...

‘With LVB’s 563 branches to be given free, Lord Venkatramana Swamy...

By Venkatachari JagannathanChennai, Nov 18 | The Reserve Bank of India (RBI) could have started a competitive process for the 94-year-old Karur based Lakshmi...

Questions raised on RBI’s decision to amalgamate LVB with DBS Bank...

By Venkatachari JagannathanChennai, Nov 18 | The decision of Reserve Bank of India (RBI) to palm off 94-year-old Karur based Lakshmi Vilas Bank (LVB)...

LVB shareholders not to get anything, key managerial personnel may lose...

By Venkatachari JagannathanChennai, Nov 17 | The shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) may not be getting anything as per the Reserve...

Probe all officials, including of RBI, on LVB watch: AIBEA

By Venkatachari JagannathanChennai, Nov 17 | Finance Minister Nirmala Sitharaman should intervene in the Lakshmi Vilas Bank (LVB) issue and announce that it would...

RBI’s decision a part surprise: Former LVB Director

By Venkatachari JagannathanChennai, Nov 17 | The Reserve Bank of India's (RBI) decision to propose amalgamation of Lakshmi Vilas Bank (LVB) with DBS Bank...

Shareholder moves HC for appointment of administrator for LVB

Chennai, Sep 29 | A minority shareholder and a retired senior manager of the Lakshmi Vilas Bank (LVB) has moved the Madras High Court...

Not to ask RBI to annul AGM decisions: LVB promoter Pradeep

By Venkatachari JagannathanChennai, Sep 28 | The voting out of seven Directors, including a promoter does not mean there is a major split within...

Fully functional board, comfortable liquidity status: LVB

Mumbai, Sep 27 | As the Lakshmi Vilas Bank shareholders' vote against the reappointment of seven directors to the board raised concerns about its...

LVB signs LoI with Clix Capital for proposed amalgamation

Mumbai, June 16 | Lakshmi Vilas Bank has signed a non-binding letter of intent (LoI) with Clix Capital Services and Clix Finance for a...

Delhi police file FIR against LVB in cheating case

New Delhi, Sep 26 | The Economic Offences Wing (EOW) of Delhi police on Thursday registered an FIR against directors of the Lakshmi Vilas...

Business

RBI proposals to restrict land financing by NBFCs: Report

New Delhi, Jan 26 | The Reserve Bank's proposals on restricting specific real estate funding by NBFCs will significantly affect land financing by them,...