LVB to become DBS Bank India from Nov 27; Rs 25,000 withdrawal restriction to go

Crisis-hit Lakshmi Vilas Bank (LVB) will merge into the Indian arm of Singapore-based DBS Bank on Friday, leading to removal of all restrictions, including withdrawal cap of Rs 25,000, which the......

Lakshmi Vilas Bank may decide on proposed meVB

With a potential liability of Rs 750-800 crore, sources say Clix Capital’s stand on the matter would be crucial in finalising the merger valuation. Capital-starved Lakshmi Vilas Bank (LVB)......

Will PNB acquire beleaguered Lakshmi Vilas Bank?

PNB has rich experience in the integration of commercial banks. The Reserve Bank of India (RBI) is learnt to have told state-owned Punjab National Bank to get ready to take over Lakshmi Vilas Bank......

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass? T E......