Page 544 - Finance News
Indiabulls Housing Finance appoints ex-BoI CEO as independent director
The board of Indiabulls Housing Finance has approved the appointment of Dinabandhu Mohapatra as an Independent Director (Additional Director), on the Board of Directors of the Company
 "Indiabulls Housing Finance appoints ex-BoI CEO as independent director")
RBI panel bats for continuation of NOFHC as preferred structure for banks
However, NOFHC may be mandatory only where the individual promoters and promoting entities/ converting entities have other group entities
 "RBI panel bats for continuation of NOFHC as preferred structure for banks")
CARE Ratings revises LVB's ratings from 'BB- ' to 'BB-' under credit watch
The development comes after the government imposed a moratorium on LVB after considering an application filed by the RBI
 "CARE Ratings revises LVB's ratings from 'BB- ' to 'BB-' under credit watch")
Lakshmi Vilas Bank resolution: RBI delays final merger scheme to next week
According to the draft scheme, the entire paid-up share capital of LVB will be written off
 "Lakshmi Vilas Bank resolution: RBI delays final merger scheme to next week")
South Indian Bank to acquire 6.67% stake in IBBIC Pvt Ltd for Rs 5 lakh
The South Indian Bank Limited will hold 6.67 per cent shareholding in IBBIC through acquisition of 50,000 equity shares with face value Rs 10 each.
 "South Indian Bank to acquire 6.67% stake in IBBIC Pvt Ltd for Rs 5 lakh")
Reducing promoter stake in private banks: RBI panel for nuanced approach
The RBI committee has recommended doing away with one size fits all approach to private banks' ownership
 "Reducing promoter stake in private banks: RBI panel for nuanced approach")
How is Piyush Gupta to be placed after DBS Bank-Laxmi Vilas Bank deal?
A Delhi boy, educated at St Columba's and St Stephens, Gupta had held senior positions in banking across Asia (India included) before joining DBS Bank as its boss in 2009
 "How is Piyush Gupta to be placed after DBS Bank-Laxmi Vilas Bank deal?")
Bank of Baroda: With loan recast hazy, strong re-rating few quarters away
While BoB has displaced PNB in terms of loan book size, sustaining Q2 momentum is critical
 "Bank of Baroda: With loan recast hazy, strong re-rating few quarters away")
Proposed LVB-DBS merger a remarkable job: RBI board member Manish Sabharwal
Sabharwal, who is the chairman and co-founder of TeamLease Services, said the move indicates that the RBI is innovating
 "Proposed LVB-DBS merger a remarkable job: RBI board member Manish Sabharwal")
Rating agencies upbeat on cash-starved Lakshmi Vilas Bank merger with DBS
This deal is positive for India's banking sector and will bring much-needed relief to LVB, which has been struggling for many years, S&P said in a statement
 "Rating agencies upbeat on cash-starved Lakshmi Vilas Bank merger with DBS")
RBI imposes fine on Muthoot Finance, Manappuram Finance for non-compliance
The central bank has also imposed a penalty of Rs 5 lakh on Manappuram Finance, Thrissur for non-compliance with directions on verification of ownership of gold jewellery
 "RBI imposes fine on Muthoot Finance, Manappuram Finance for non-compliance")
The crisis at Lakshmi Vilas Bank and how does it impact you? Explained
In this podcast, Business Standard's T E Narasimhan explains how does the crisis at Lakshmi Vilas Bank impact customers, will LVB's shareholders get anything, are jobs in LVB at stake and more
There is no need to panic, depositors' money safe: LVB administrator
ATMs to be operational from today
 "There is no need to panic, depositors' money safe: LVB administrator")
LVB a strategic asset, must not be handed over 'free of cost': Promoter
K R Pradeep, one of the 25 promoters of LVB, said that RBI should revisit the troubled lender's valuation
Merging troubled LVB will boost DBS's retail biz in India: Moody's
The merger will not alter DBS group's credit profile and the effect on its capital will be immaterial
Explained: How the Kerala-based CSB Bank made a dramatic turnaround
What accounts for the turnaround of CSB, set up in 1920 to serve the Syrian Christian community in Kerala, when its peers are struggling? It was the years of adversity that strengthened it
 "Explained: How the Kerala-based CSB Bank made a dramatic turnaround")
DBS faces potential culture clash as it takes over Lakshmi Vilas Bank
The plan will accelerate Singapore-based DBS's expansion ambitions in India and potentially transform it from a largely digital bank in the country to one with hundreds of branches
 "DBS faces potential culture clash as it takes over Lakshmi Vilas Bank")
Punjab & Sind Bank's board to consider plan for raising up to Rs 5,500 cr
Shares of Punjab & Sind Bank on Wednesday closed 0.88 per cent up at Rs 11.40 apiece on the BSE
 "Punjab & Sind Bank's board to consider plan for raising up to Rs 5,500 cr")
Subscribers under NPS, APY schemes reach 3.83 crore till Oct-end: PFRDA
Subscribers under the Atal Pension Yojana (APY) increased 34.51 per cent to 2.45 crore at the end of October
 "Subscribers under NPS, APY schemes reach 3.83 crore till Oct-end: PFRDA")
Dhanlaxmi Bank CEO case to test primacy of RBI over banks' shareholders
The removal of CEO Sunil Gurbaxani has led the private banking system into uncharted waters
 "Dhanlaxmi Bank CEO case to test primacy of RBI over banks' shareholders")