Sensex drops 371 points to end at 1-week low; financial shares drag

  Benchmark indices ended lower by over 1%, amid weakness in Asian peers, with financials shares contributing the most to the decline. Depreciating rupee and rise in crude oil prices further......

Time is running out for Lakshmi Vilas Bank

'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.   After the Reserve Bank of India rejected Indiabulls Housing Finance Ltd's plan......

Battered by three decades of controversy, TMB looks back to the future

June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could......

Lakshmi Vilas Bank had dug its own grave

Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad.That's an error of......