Search For "lakshmi vilas bank"
RBI announces draft scheme to amalgamate Lakshmi Vilas Bank with DBIL
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], November 17 (ANI): The Reserve Bank of India (RBI) on Tuesday unveiled a draft scheme to amalgamate private sector lender Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL).
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LVB gets an indicative non-binding offer from Clix Group
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 8 (ANI): Beleaguered private sector lender Lakshmi Vilas Bank (LVB) said on Thursday it has received an indicative non-binding offer from Clix Group for the proposed merger.
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RBI approves 3-member committee of directors to manage Lakshmi Vilas Bank
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], September 28 (ANI): The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning of cash-strapped Lakshmi Vilas Bank.
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Shares of Lakshmi Vilas Bank jump 10 pc after merger talks with Clix Group
Updated : 5 years, 10 months ago IST
Mumbai (Maharashtra) [India], Sep 16 (ANI): Shares of Lakshmi Vilas Bank jumped by nearly 10 per cent on Wednesday morning after the troubled private sector lender said that mutual due diligence process for merger with Clix Group is substantially complete and both parties are in discussions
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LVB's CFO S Sundar takes over interim Managing Director & CEO
Updated : 6 years, 6 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, 8 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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Indiabulls Real Estate arm sells 100 pc stake in Century for £200 million
Updated : 6 years, 8 months ago IST
Mumbai (Maharashtra) [India], Nov 2 (ANI): Indiabulls Real Estate Ltd (IREL) said on Saturday that its wholly-owned subsidiary has divested the entire stake in Century Ltd to Clivedale Overseas Ltd, an entity owned by the promoters of Indiabulls Real Estate for 200 million pounds (about Rs 1
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RBI imposes Rs 1 crore fine on LVB, Rs 75 lakh on Syndicate Bank for viola
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 15 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank for non-compliance with certain provisions of directions on Income Recognition and Asset Classification (IRAC) norms.
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Care revises rating on LVB's commercial papers of Rs 618 crore
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Oct 12 (ANI): Care Ratings has revised the rating of troubled private sector lender Lakshmi Vilas Bank's (LVB's) commercial papers worth Rs 618.7 crore to BB plus with negative outlook from the earlier BBB minus with developing implications.
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RBI rejects Indiabulls-Lakshmi Vilas Bank merger plan
Updated : 6 years, 9 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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No connection between RBI's action and FIR filed by Religare: Lakshmi Vila
Updated : 6 years, 9 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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Shares of Indiabulls Group tank, housing finance unit down by 30 pc
Updated : 6 years, 9 months ago IST
Mumbai (Maharashtra) [India], Sep 30 (ANI): Shares of Indiabulls Group tanked in the morning trade on Monday with Indiabulls Housing Finance slumping by 30.16 per cent after the Delhi High Court agreed on Friday to hear a public interest litigation (PIL) alleging fund diversion and accoun
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