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Lakshmi Vilas Bank

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Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year

Finance

Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year

In early March, three weeks before most of India went into a lockdown to fight the coronavirus ...

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Flashback 2020: Virus manages to shoo away almost everyone from stressed assets

Finance

Flashback 2020: Virus manages to shoo away almost everyone from stressed assets

The distressed assets market was still going through teething problems from the four-year bankruptcy...

Singapore's DBS completes takeover of Lakshmi Vilas Bank

Finance

Singapore's DBS completes takeover of Lakshmi Vilas Bank

Singapore’s DBS Group said on Monday it had completed its takeover of distressed Lakshmi Vilas ...

DBS faces potential culture clash as it scoops up Lakshmi Vilas Bank

Finance

DBS faces potential culture clash as it scoops up Lakshmi Vilas Bank

DBS Group's move to take over troubled Lakshmi Vilas Bank will give Southeast Asia's largest...

Sensex, Nifty hit new record; Lakshmi Vilas Bank sinks 20%

Markets

Sensex, Nifty hit new record; Lakshmi Vilas Bank sinks 20%

Indian shares reversed course to close at a record high on Wednesday, as a rally in automotive and ...

Lakshmi Vilas Bank put under moratorium, to be merged with DBS

Finance

Lakshmi Vilas Bank put under moratorium, to be merged with DBS

Lakshmi Vilas Bank has been put under a moratorium and may be merged with the local unit of ...

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Two more senior execs quit Clix Capital ahead of merger with Lakshmi Vilas Bank

Finance

Two more senior execs quit Clix Capital ahead of merger with Lakshmi Vilas Bank

Two senior executives of Clix Capital have moved out just months after chief executive officer (CEO...

AION Capital-backed Clix makes non-binding offer for Lakshmi Vilas Bank

Finance

AION Capital-backed Clix makes non-binding offer for Lakshmi Vilas Bank

India's Lakshmi Vilas Bank (LVB) has received a non-binding offer from Clix Group, the private ...

Dhanlaxmi Bank shareholders vote for ouster after new CEO ‘shakes things up'

Finance

Dhanlaxmi Bank shareholders vote for ouster after new CEO ‘shakes things up'

Shareholders of regional lender Dhanlaxmi Bank ousted its chief executive at its annual general ...

RBI names panel to run Lakshmi Vilas Bank after shareholders reject board reappointments

Finance

RBI names panel to run Lakshmi Vilas Bank after shareholders reject board reappointments

The central bank on Sunday announced a panel that would oversee operations of old private-sector ...