Tue, Jan 19, 2021
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Banking Woes: Plea in Delhi HC against LVB-DBS merger
Published On: Jan, 18, 202101:40 AMA plea in the Delhi High Court has challenged the scheme of amalgamation of Lakshmi Vilas Bank with Development Bank of Singapore (DBS), contending that its shareholders have been “left in the lurch”...
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DBS Bank India gets Rs 2,500 cr capital infusion from DBS Bank Singapore
Published On: Dec, 04, 202005:53 PM
DBS Bank India Ltd (DBIL) on Friday announced it has received capital infusion of Rs 2,500 crore from DBS Bank Ltd, Singapore, to support the India franchise, following the amalgamation of the Lakshmi...
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Lakshmi Vilas Bank customers can access all services, no change in interest rates as of now: DBS
Published On: Nov, 30, 202003:17 PM
In a statement on Monday, DBS Bank said that the scheme of amalgamation is under the special powers of the Government of India and Reserve Bank of India under Section 45 of the Banking Regulation Act,...
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HC to DBS: Create reserve fund for LVB shareholders, no stay on merger
Published On: Nov, 28, 202006:54 AM
While refusing to interfere with the Lakshmi Vilas bank (LVB)-DBS bank merger, the Madras High Court, in an interim relief to LVB shareholders has directed DBS to create a reserve fund to be provided...
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From Nov 27, Lakshmi Vilas Bank will cease to exist
Published On: Nov, 25, 202008:37 PM
The notified scheme also enables DBS Bank India to discontinue the services of the key managerial personnel of the LVB after following the due procedure at any time after November 27, as it deems ...
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Cabinet nod for Lakshmi Vilas Bank, DBS Bank India amalgamation
Published On: Nov, 25, 202003:54 PM
Briefing the media about the cabinet decision on the matter Union Minister Prakash Javadekar said the cabinet has approved the amalgamation of LVB with DBS Bank.
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LVB resolution: RBI delays final merger scheme to next week
Published On: Nov, 20, 202010:47 PM
The Reserve Bank did not issue the final merger scheme for Lakshmi Vilas Bank (LVB) with DBS India on Friday as stated earlier and is likely to do so only next week, according to a central bank...
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DBS offered to buy 50 pc of Lakshmi Vilas Bank in 2018, but RBI rejected: Promoter
Published On: Nov, 20, 202008:12 PM
K R Pradeep, the single largest promoter of the crippled Lakshmi Vilas Bank with a 4.8 per cent shareholding, has said that Singapore's DBS was keen to acquire 50 per cent stake in the lender for a...
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LVB's branch network alone can be valued at Rs 5,630 cr: Ex-Director
Published On: Nov, 20, 202005:15 PM
The 563 branches of the Karur based 94-year old Lakshmi Vilas Bank (LVB) can get a valuation of Rs 5,630 crore, and there are about 970 ATM installations and a huge customer base (depositors and...
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Probe all officials, including of RBI, on LVB watch: AIBEA
Published On: Nov, 18, 202006:48 AM
Finance Minister Nirmala Sitharaman should intervene in the Lakshmi Vilas Bank (LVB) issue and announce that it would be amalgamated with a public sector bank, the All India Bank Employees'...
