Page 8 - Lakshmi Vilas Bank

LVB, Syndicate Bk hit 52-wk low as RBI imposes penalty for violating norms

The RBI imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank Ltd for non-compliance with certain provisions of directions issued by RBI on IRAC norms

Moody's downgrades Indiabulls to B2 on fund raising challenge, governance

Rating agency says continued decline in on-balance sheet loans is a reflection of its funding challenges

RBI imposes fine on Lakshmi Vilas Bank, Syndicate Bank for violating norms

This action is based on the deficiencies in regulatory compliance

Now free to pursue growth after RBI's decision, says Indiabulls Housing MD

We have raised about Rs 3,000 crore from banks in the last 10 days, said Gagan Banga

IHFL, LVB stocks fall up to 23% after RBI rejected merger proposal

The IBHFL stock tumbled 18.85% to close at Rs 195 on the BSE.

Lakshmi Vilas Bank exploring other avenues to raise capital; stock falls

Bank officials said with the fall in share price and valuation, there could be interest from other investors

RBI rejection of LVB deal surprising, had govt backing: IndiaBulls MD Banga

The uncertainty over the deal as well as legal woes have led to a run on the stock valuations of both the companies which have lost nearly half of their pre-merger-announcement value

LVB to continue fund raising after RBI rejected merger with IndiaBulls

The decision taken by the RBI brings to an end the uncertainty and the financial institution would continue to raise capital as per the permitted modes in compliance with all applicable regulations

RBI's 'no' to Indiabulls-Lakshmi Vilas Bank merger fans contagion risks

On Wednesday evening, the Reserve Bank of India quashed a proposed merger of Indiabulls Housing Finance Ltd., one of the country's largest real-estate lenders, with Lakshmi Vilas Bank Ltd

Lakshmi Vilas Bank hits all-time low as RBI rejects merger with IBHFL

The RBI said the application for the voluntary amalgamation of IBHFL and its subsidiary lndiabulls Commercial Credit with LVB could not be approved.

IHFL-LVB merger: RBI seeks 'no objection' from 12 agencies, regulators

The tax department is probing overseas investments carried out by Gehlaut and his family trusts

No call on Lakshmi Vilas Bank-Indiabulls merger made yet: RBI Governor

Das explained placing a lender under PCA framework is normal with lot of precedents

Lakshmi Vilas Bank nears 10-yr low; dips 22% in 5 days on RBI's PCA action

The stock of the private lender was trading close to its all-time low price of Rs 26.08 touched on March 4, 2009.

LVB independent director resigns after RBI action, cites personal reasons

The resignation has come days after RBI initiated prompt corrective action against the private sector lender on September 28

RBI's PCA has no connection with FIR filed by EOW: Lakshmi Vilas Bank

Lender inserts ads in several newspapers, issues public notice to explain its point on the FIR that was filed against it based on a complaint by Religare Finvest

Indiabulls Housing Finance shares fall 34% on concerns over LVB merger

The RBI placing Lakshmi Vilas Bank under PCA framework amidst the proposed merger, and litigation against the housing financier are perceived negatively by investors

LVB under pressure as RBI initiates PCA; Indiabulls Hsg Fin tanks over 30%

Both LVB and Indiabulls Housing Finance are proposed to merge. Last month, IBHFL said it expects the regulator to take a decision on its merger plan with Lakshmi Vilas Bank in the next two months.

Reserve Bank puts Lakshmi Vilas Bank under PCA framework over high NPAs

The bank said PCA would not have any adverse impact on its daily operations

Lakshmi Vilas Bank gets shareholders' nod to raise up to Rs 1000 cr

The resolution to raise funds by issuance of securities was approved by shareholders in the annual general meeting held on September 27

FIR against Lakshmi Vilas Bank board members for 'cheating, conspiracy'

The FIR is based on a complaint filed by Religare Finvest Limited (RFL) pertaining to adjustment of their deposits to the dues of RHC Holding Pvt. Ltd and Ranchem Pvt Ltd