Page 7 - Lakshmi Vilas Bank

Lakshmi Vilas Bank receives LoI from Clix Capital for 51% stake purchase

Deal size pegged at Rs 1,400-1,500 cr; Clix may also want to take up to 74% by roping in another investo

Lakshmi Vilas Bank hits 5% upper circuit on receiving LoI from Clix Capital

The bank received preliminary, non-binding letter of intent (LoI) from Clix Capital Services Private Limited & Clix Finance India Private Limited dated June 12, 2020.

Top headlines: 1st invIT by govt entity set to open, SC on AGR dues, & more

From Clix Capital set to buy majority stake in Lakhsmi Vilas Bank, RBI proposing 10-yr term for bank promoter-CEOs, here are top headlines on Friday morning

Clix Capital eyes majority stake in cash-starved Lakshmi Vilas Bank

Talks between the private lender and digital-lending NBFC are in advanced stages; letter of intent may be furnished next week

LVB asserts liquidity coverage ratio higher than RBI-mandated level

The bank would like to take this opportunity "to assure our customers that their deposits are safe in our bank"

Temasek Holdings eyes controlling stake in cash-strapped Lakshmi Vilas Bank

May rope in its banking arm DBS Bank India to co-invest

We are hoping to recover by end of 2021: Lakshmi Vilas Bank MD & CEO

In an interaction with T E Narasimhan, S Sundar, Lakshmi Vilas Bank MD and CEO, discusses bank's future plans

Market Wrap, Feb 12: Indices gain for 2nd day, Sensex rises 350 pts

Among the sectoral indices on the NSE, Nifty FMCG gained the most - up nearly 2 per cent to 30,986 points, followed by Nifty Metal and Nifty Auto indices

Lakshmi Vilas Bank surges 41% in a week on report US fund house eyes stake

The private sector lender's stock has been frozen upper circuit for the fourth straight day

Lakshmi Vilas Bank up 10% on reports DBS, Capri Global to invest; bk denies

In the past 10 months, the stock has tanked 85 per cent, as compared to a 7 per cent rise in the S&P BSE Sensex.

DBS, Capri Global among suitors for cash-strapped Lakshmi Vilas Bank

LVB's financials deteriorated to 5.56 per cent capital adequacy and 21.25 per cent gross NPA ratio in the September 2019 quarter

Beleaguered LVB suffers yet another top-level exit as CFO puts in papers

S Sundar follows at least three other senior executives, including former CEO Parthasarathi Mukherjee, who quit in August

Five of 11 entities to go for QIPs trading in red; Lakshmi Vilas top loser

While investors have made decent returns on most deals, they have lost out heavily on three transactions.

From ICICI to LVB, banks may make accelerated provisioning for Karvy Group

A banking source said Karvy has not defaulted as yet and the management has given comfort to banks that the group is adequately funded and there will be no default

LVB Q2 loss widens to Rs 357 cr as bad loans rise, total income declines

Gross NPA at 21.25% of gross advances, compared with 12.31% a year ago; net NPA rise to 10.47% from 6.88%

Lakshmi Vilas Bank Q2 net loss widens to Rs 357 cr as bad loan soars

The bank's bad loan ratio worsened with gross non-performing assets hitting 21.25% of the gross advances

Best of BS Opinion: A lesson from Pak, decoding the air emergency, and more

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

What next Lakshmi Vilas Bank?

... A fire sale of equity or merger with a strong bank? Time is running out. There aren't too many choices

Three banks report divergence in bad loans a day after Sebi directive

or LVB, the net loss widened to Rs 1,006 crore from Rs 894 crore.

LVB non-independent director Anuradha Pradeep resigns from board

Lakshmi Vilas Bank was placed under the RBI's PCA framework due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years