Page 3 - Lakshmi Vilas Bank

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

DBS offered to acquire 50% of LVB in 2018, but RBI rejected: Promoter

Apart from Pradeep, there are three other promoter families -- N Ramamritham, N T Shah and S B Prabhakaran -- who collectively own 2 per cent

Lakshmi Vilas shareholders, employees make their plea to RBI about merger

Employees to be retained for three years after a troubled lender's merger with DBS Bank India, say they prefer a state-owned bank.

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

LVB's branch network alone can be valued at Rs 5,630 cr: Ex-Director

On Tuesday, the RBI announced its decision to amalgamate LVB with DBS Bank India

Lakshmi Vilas Bank shares slump 10 per cent to hit a 52-week-low

Shares of Lakshmi Vilas Bank slumped further and fell 10 per cent to hit a new 52-week low value in early trade on Friday as investor sentiment remained cautious

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

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

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

Lakshmi Vilas Bank shares slump 20% to hit lower circuit in early trade

This is the third consecutive session of loss for Lakshmi Vilas Bank

Lakshmi Vilas Bank may decide on proposed merger with Clix on Saturday

On September 29, Business Standard had reported that Clix Capital would seek indemnity for its directors from litigation if the merger were to go through

Merger talks with Clix on track, says LVB even as losses widen in Q2

Auditors issue qualified report citing precarious capital position

Lakshmi Vilas Bk hits 20% lower circuit after govt puts it under moratorium

The Reserve Bank of India (RBI) on Tuesday proposed to merge LVB with the India subsidiary of Singapore's DBS Bank

Bank Employees' Association wants LVB to be merged with a PSU bank

RBI's role should be thoroughly probed, says AIBEA

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

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

The rescue act

LVB's bailout plan could have come earlier

Clix getting controlling stake after merger with LVB may have hurt deal

AION Capital-backed NBFC rues delays, missed opportunity in failed deal; sources say it was about to revise offer, but the Reserve Bank ran out of patience