Lakshmi Vilas Bank
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 pandemic, the Reserve ......
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 law when the Covid-19 pandemic struck ......
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 Bank, helping it shift from ......
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 lender the boost in India ......
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 banking shares ......
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 Singapore’s DBS ......
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) Bhavesh Gupta quit, two ......
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 sector lender said on Thursday, ......
Finance
Dhanlaxmi Bank shareholders vote for ouster after new CEO ‘shakes things up'
In yet another instance of investors’ activism, Dhanlaxmi Bank’s chief executive officer and managing director was voted out at the ......
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 lender Lakshmi Vilas Bank a ......