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Tag "Lakshmi Vilas Bank"

RBI asks LVB to write down Rs 318.20 crore of Tier 2 bonds

RBI asks LVB to write down Rs 318.20 crore of Tier 2 bonds

🕔08:27, 27.Nov 2020

Chennai, Nov 27  In a sudden turn of events, some hours before the amalgamation of the Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd is to take effect, the Reserve Bank of India (RBI) on Thursday gave a Rs

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From Nov 27, Lakshmi Vilas Bank will cease to exist

From Nov 27, Lakshmi Vilas Bank will cease to exist

🕔18:22, 25.Nov 2020

Chennai, Nov 25  From November 27, the 94-year-old Karur-headquartered Lakshmi Vilas Bank (LVB) will cease to exist officially and be amalgamated with DBS Bank India Ltd, a subsidiary of DBS Bank, Singapore. The Central government on Wednesday notified in the

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RBI proposes to merge Lakshmi Vilas Bank with DBS Bank India

RBI proposes to merge Lakshmi Vilas Bank with DBS Bank India

🕔06:51, 18.Nov 2020

Chennai, Nov 18  The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme of amalgamation of the beleaguered Lakshmi Vilas Bank with DBS Bank India Ltd, a wholly-owned subsidiary of DBS Bank Ltd, Singapore. The RBI has also

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‘Corporate vultures eying small banks, merge LVB with govt bank’

‘Corporate vultures eying small banks, merge LVB with govt bank’

🕔08:13, 29.Sep 2020

Chennai, Sep 29  The Reserve Bank of India (RBI) should take a prompt and correct action of merging the 93-year-old Lakshmi Vilas Bank (LVB) with a nationalised bank, a top leader of one of the largest bank unions said. “There

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