Page 6 - Lakshmi Vilas Bank

HC allows plea against Lakshmi Vilas, wants Sebi and RBI replies in 8 weeks

An individual shareholder filed a PIL raising serious of allegations against the bank functioning, asked Court to appoint an administrator

Best of BS Opinion: India at UN high table, shareholders in action & more

Business Standard opinion pieces for the day, among other things, talk about the issues related to Lakshmi Vilas Bank

Shareholders in action

Problems at Lakshmi Vilas Bank should be settled swiftly

Clix may seek indemnity from Lakshmi Vilas Bank's dues ahead of deal

It is estimated that about Rs 700 - 900 crore of likely liability may hit the bank

MARKET: Sensex surges 593 pts amid broad-based buying; Nifty ends at 11,228

All that happened in the markets today

Lakshmi Vilas Bank to be run by 3 independent directors' panel: RBI

The Reserve Bank of India has approved that the day-to-day affairs of Lakshmi Vilas Bank will be run by a Committee of Directors (CoD) comprising three independent directors

LVB slips 6% as shareholders vote against reappointment of top brass

The Reserve Bank of India approved a Committee of Directors, comprising of three independent directors, who would run the day-to-day affairs of the lender.

Lakshmi Vilas Bank shareholders vote against reappointment of top brass

RBI approved a Committee of Directors, composed of three independent directors, who would run the day-to-day affairs of the lender

Lakshmi Vilas Bank soars 10% on completion of due diligence with Clix Group

The mutual due diligence is substantially complete, and the parties are in discussions on the next steps," the lender informed the exchanges

Clix Group completes due diligence of LVB ahead of proposed amalgamation

The two parties had earlier agreed to extend the due diligence exclusivity period till September 15 due to prevailing Covid-19 pandemic situation

Lakshmi Vilas Bank shares gain nearly 5% on foreign shareholding limit

Shares of LVB gained nearly 5% in early trade after the lender said it plans to raise up to Rs 1,500 crore to fund business growth and increase foreign shareholding to up to 74%

Lakshmi Vilas Bank plans to raise Rs 1,500 crore to fund biz growth

The bank has been exploring various options for raising funds for augmenting the tier-I capital to support business growth as directed by the RBI, it said in the notice

Lakshmi Vilas Bank freezes at 5% lower circuit on Rs 112 crore Q1 loss

The bank said its tier 1 capital has turned negative, which prompted the auditors cast doubts if it can continue as a going concern. The tier 1 capital ratio is at a (-) 1.83 per cent

Lakshmi Vilas Bank reports loss before tax of Rs 112.28 crore in Q1

Net NPA positiom imporves; Clix amalgamation deadline stretched to September 15 on Covid concerns

Sensex ends 99 pts up on buying in RIL, IT stks; Nifty closes above 10,800

All that happened in the markets today

Lakshmi Vilas Bank to rope in large marquee investors apart from Clix

Lender's loss before tax narrowed down to Rs 233.14 crore during the quarter ended March 2020 from Rs 499.96 crore, during the same period last year

Market Ahead, July 10: All you need to know before the opening bell

The June quarter results of TCS will be a major focus for the Indian markets today which is also likely to decide how the rest of the IT space trades throughout the session

Lakshmi Vilas Bank gains 5% on report Clermont Group eyes stake purchase

With an investment of $150-200 million (Rs 1,100-1,500 crore), Clermont is eyeing a 15-20 per cent stake in Lakshmi Vilas Bank

Top headlines: States on GST compensation, Emami questions HUL & more

From states divided on alternative GST compensation, Emami questioning changing of 'Fair and Handsome' name to startups helping tenant amid Covid-19, here are the top headlines of the day

Clermont Group likely to join Clix Capital in Lakshmi Vilas Bank deal

PE firm may infuse $150-200 million for up to 20% stake in bank before merger