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Scheme Of Amalgamation Of Lakshmi Vilas Bank

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  News for Scheme Of Amalgamation Of Lakshmi Vilas Bank

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Govt approves merger of Lakshmi Vilas Bank with DBIL

 The government on Wednesday approved merger of crisis-ridden Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL) and removed restrictions on withdrawal of deposits by depositors. The Union......

Lakshmi Vilas Bank placed under moratorium, withdrawals capped at Rs 25,000

 The government on Tuesday placed Lakshmi Vilas Bank under one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor. The step was taken by the government, on the......

A 94-year old bank is part of history now; Lakshmi Vilas Bank becomes DBS India

 Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old......

DBS retains Lakshmi Vilas Bank's name, logo

 According to experts, 'Lakshmi' and the logo 'Godesses Lakshmi' have a lot of value in India and are the biggest driver for the Bank. Retaining the Lakshmi name and logo will help DBS. DBS Bank......

Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'

 LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016. Capital markets regulator Securities and Exchange Board of India (Sebi) is examining......

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