Search For "corrective action"
LVB's CFO S Sundar takes over interim Managing Director & CEO
Updated : 6 years, 4 months ago IST
Chennai (Tamil Nadu) [India], Jan 1 (ANI): Lakshmi Vilas Bank's (LVB's) Chief Financial Officer S Sundar on Wednesday took over as interim Managing Director and Chief Executive Officer of the troubled private sector lender.
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New RBI nominee on the board of Lakshmi Vilas Bank
Updated : 6 years, 6 months ago IST
Chennai (Tamil Nadu) [India], Nov 19 (ANI): Troubled private sector lender Lakshmi Vilas Bank (LVB) said on Tuesday that Sundaram Shankar, General Manager at the Reserve Bank of India (RBI) Hyderabad regional office, has been appointed as additional director on the board for a period of two
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RBI rejects Indiabulls-Lakshmi Vilas Bank merger plan
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra), Oct 10 (ANI): The proposed merger of private sector lender Lakshmi Vilas Bank (LVB) with home financier Indiabulls Housing Finance has failed to get approval from the Reserve Bank of India (RBI).
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US FDA issues warning letter for Glenmark Pharmaceuticals facility in Badd
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Oct 7 (ANI): The US Food and Drug Administration (US FDA) has issued a warning letter to Glenmark Pharmaceuticals for breach of norms at its facility at Baddi in Himachal Pradesh.
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No connection between RBI's action and FIR filed by Religare: Lakshmi Vila
Updated : 6 years, 7 months ago IST
New Delhi [India], Oct 1 (ANI): Lakshmi Vilas Bank (LVB) issued a public notice on Tuesday stating that the recent restriction imposed by Reserve Bank of India (RBI) as prompt corrective action (PCA) has no connection with the first information report registered by the Economic Offences Wing
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RBI initiates prompt corrective action for Lakshmi Vilas Bank after direct
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Sep 28 (ANI): The Reserve Bank of India (RBI) has initiated prompt corrective action for the troubled Lakshmi Vilas Bank (LVB), a day after the private lender said that the Economic Offences Wing of Delhi Police is probing allegations of cheating and criminal
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Cabinet clears Rs 9,300 crore capital infusion in IDBI Bank
Updated : 6 years, 8 months ago IST
New Delhi [India], Sept 3 (ANI): The Central government on Tuesday approved Rs 9,300 crore capital infusion into IDBI Bank to increase the lender's capital base.
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Empower women for the future of work: UNGCNI second edition of Gender Equa
Updated : 7 years, 2 months ago IST
New Delhi [India], Mar 01 (ANI): Aiming to highlight issues related to gender equality at workplaces in India, Global Compact Network India – Local arm of UN Global Compact, New York organized its second edition of Gender Equality Summit today at ITC Sheraton, Saket, New Delhi. The
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RBI exempts BoI, BoM, OBC from PCAF
Updated : 7 years, 3 months ago IST
New Delhi [India], Feb 1 (ANI): The Reserve Bank of India has exempted Bank of India, Bank of Maharashtra and Oriental Bank of Commerce from PCAF (Prompt Corrective Action Framework) following improvements in their capital position and asset quality in the December 2018 quarter, said an o
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Govt invoked Section 7 of RBI Act after Allahabad HC orders: Source
Updated : 7 years, 5 months ago IST
New Delhi [India], Nov 28 (ANI): The central government's decision to invoke Section 7 of the Reserve Bank of India (RBI) Act was taken in compliance with directions from the Allahabad High Court, a source confirmed.
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RBI's new body to look into PCA issues
Updated : 7 years, 6 months ago IST
Mumbai (Maharashtra) [India], Nov 19 (ANI): The Reserve Bank of India's (RBI) Central Board on Monday decided to constitute a Board for Financial Supervision (BFS) of the Central bank to examine the framework for banks under Prompt Corrective Action (PCA).
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Lifestyle changes for a healthy heart
Updated : 7 years, 8 months ago IST
New Delhi [India], Sep 24 (ANI): Heart diseases have entwined our lives. Scientific research tells us that any mitigation of this problem would require corrective actions to be undertaken decades in advance.
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