Page 9 - Lakshmi Vilas Bank

I felt time was right for me to go: LVB MD & CEO Parthasarathi Mukherjee

Claims he resigned for personal reasons, adds that a new person at the helm may succeed where he failed

Lakshmi Vilas Bank MD's exit weighs on Indiabulls Housing Finance stock

The housing financier has indicated it hopes to hear from the RBI by early October on its merge with Lakshmi Vilas Bank

Lakshmi Vilas Bank MD & CEO Parthasarathi Mukherjee announces resignation

Mukherjee quit citing personal reasons, the bank informed the bourses late in the evening

IHFL's real estate exposure a challenge for merger with Lakshmi Vilas Bank

While wholesale book is down to 16% in Q1, it may still be outside the regulator's comfort zone

Indiabulls expects regulator's nod on merger with LVB in 2 months

Proposes Sameer Gehlaut as non-executive chairman and Gagan Banga as MD and CEO of the amalgamated bank

Lakshmi Vilas Bank net loss widens to Rs 237.25 cr for June quarter

Gross non performing assets (NPA), as a percentage of gross advances, stood at 17.30 per cent (Rs 3556.57 crore) during the three months ended June, 2019

Old private banks set to improve game with renewed interest from investors

These banks, taking a cue from the recent credit crisis, are reworking their underwriting practices

Lakshmi Vilas Bank can't give away its 92-year-old identity: MD & CEO

With the creation of a stronger bank, my shareholders and I can rest peacefully, says LVB CEO Parthasarathi Mukherjee

Lakshmi Vilas rejects Religare Finance's disclosure, threatens action

Religare Enterprises Ltd alleges Lakshmi Vilas misappropriated four fixed deposits worth Rs 791 crore.

IBHFL, subsidiary to merge with Lakshmi Vilas in new amalgamation scheme

IBHFL will hold around 90.5 per cent of the equity capital of the merged entity, while shareholders of LVB will hold around 9.5 per cent.

LVB to raise Rs 188 crore from Indiabulls Housing Finance

Shareholders of LVB will get 14 shares of IBHF for every 100 equity shares held in the bank during the merger between the Bank and IHFL

Small private banks in spotlight after Lakshmi Vilas Bank-Indiabulls merger

The huge valuation premium given to Lakshmi Vilas Bank and merger potential of other banks are driving up investor sentiment

Indiabulls merger with bank will lead to CAGR of 25%: MD Lakshmi Vilas Bank

Parthasarathi Mukherjee, managing director and chief executive of the bank, tells Business Standard the move would give a momentum to the concept of NBFCs entering the banking system through mergers

Employee union opposes merger of Lakshmi Vilas Bank with Indiabulls

The union further alleged it (the merger) is obviously a short-circuit method by Indiabulls Housing Finance Ltd and manage to become a bank through this method

Lakshmi Vilas bank -Indiabulls merger came as surprise, says bank union

There are around 5,000 employees in Lakshmi Vilas Bank. The merged entity will have 14,302

Lakshmi Vilas Bank to merge with Indiabulls Housing in a share-swap deal

Share-swap deal gives 36% premium to the bank's shareholders

Lakshmi Vilas Bank reports a net loss of Rs 373 crore in Q3FY19

The total income for the October-December 2018 quarter was at Rs 762.47 crore as against Rs 817.57 crore registered a year ago.

Lakshmi Vilas Bank falls 12% as Q2 net loss widens on rise of bad loans

The stock slipped 12% to Rs 82 on the BSE in early morning trade after the bank's net loss widened sequentially to Rs 1.32 billion in September 2018 quarter.

Lakshmi Vilas Bank posts Q2 net loss of Rs 1.32 bn on higher provisioning

Lack of capital to grow the advance book was another issue for the bank

Lakshmi Vilas Bank up 20% after business update

The stock locked in upper circuit of 20% at Rs 85.25, bouncing back 25% from its early morning low of Rs 67.95 on the BSE.