Page 4 - Lakshmi Vilas Bank

LVB shareholders to ask RBI to reconsider stand on merger with DBS

The window to make representations to RBI from all manner of stakeholders ends on November 20

Lakshmi Vilas Bank depositor? Spread deposits across banks to lower risks

If you hold an account at Lakshmi Vilas Bank, which has been placed under a moratorium restricting withdrawal of more than Rs 25,000, you must have many queries. We try to answer some of them.

Top headlines: Small savings cross Rs 1 tn, Volkswagen Beetle goes electric

From Indians pumping nearly Rs 1 trillion into small savings schemes to Beetle becoming India's first vintage car to go electric, Business Standard brings you the top headlines of the day

Best of BS Opinion: Making a mockery of arbitration, LVB crisis, and more

Here's a selection of Business Standard opinion pieces for the day

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

Sensex gains 227 pts, ends above 44K, Nifty settles at 12,938; M&M up 11%

All that happened in the markets today

Lakshmi Vilas Bank under moratorium; RBI proposes merger with DBS

Withdrawals capped at Rs 25,000 till Dec 16; finances see steady decline as NPAs mount

Indices end at record highs; Sensex zooms 704 points amid firm global cues

All that happened in the markets today

RBI offers LVB committee option to review CEO names proposed by old Board

The Committee of Directors (CoD) comprise of independent directors Meeta Makhan, Shakti Sinha and Satish Kumar Kalra

Lakshmi Vilas Bank board approves plan to raise Rs 500 cr via rights issue

Many existing institutional investors are expected to participate and subscribe to the issue to protect their existing investments, sources said

Lakshmi Vilas Bank gets board's nod to raise Rs 500 crore via rights issue

Cash-strapped Lakshmi Vilas Bank on Thursday said its board has approved plans to raise up to Rs 500 crore through a rights issue

Weak global cues, sell-off in RIL, IT drag indices; Sensex tanks 1,066 pts

All that happened in the markets today.

Shareholders of Lakshmi Vilas Bank divided on merger with Clix group

Some large investors are uncomfortable with Clix group's proposal to take up to 90% stake in the bank

How City Union Bank, Federal Bank have sustained investor interest

With gains of 7 - 10 per cent since September 24, both stocks have been an outlier among peers

MARKET WRAP: Indices end flat, Sensex settles 32 pts higher; IT stocks gain

All that happened in the markets today

Lakshmi Vilas Bank board meeting on Oct 15 to consider rights issue

Sources said the lender plans to raise Rs 500-700 crore via rights. Many existing institutional investors may subscribe to it in order to protect the investments they've already made

LVB: Past imperfect, present tense, future...?

What happened at the September 25 AGM is not just another instance of shareholder activism. With the mass ouster of not-so-independent directors, will things change?

Balancing tradition and new systems key for old, traditional banks: Experts

These banks need to understand their limitations and balance tradition with new age banking systems, they say

CARE Ratings downgrades LVB debt instruments over plunge in net worth

Development follows Brickwork Ratings downgrade of long-term bonds of about Rs 50 cr and LVB receiving an indicative non-binding offer from Clix Group

CARE downgrades rating for Lakshmi Vilas Bank's issued, proposed securities

The 93-year old private sector Lakshmi Vilas Bank (LVB) on Friday said credit rating agency CARE Ratings has downgraded its rating of already issued and proposed securities