Lakshmi Vilas Bank

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LAKSHMI VILAS BANK NEWS

Lakshmi Vilas Bank customers can access all services; no change in interest rates as of now: DBS

November 30, 2020 4:35 pm

Lakshmi Vilas Bank (LVB) has now been amalgamated with DBS Bank India Ltd (DBIL), the wholly-owned subsidiary of DBS Group Holdings Ltd, DBS Bank India said in a statement.

LVB shares suspended from bourses

November 27, 2020 4:58 am

Shares of LVB had risen by 4.8 per cent to Rs 7.65 on Wednesday amid hopes that the RBI will announce some scheme to compensate shareholders.

Lakshmi Vilas Bank to operate as DBS Bank India from tomorrow

November 26, 2020 10:52 am

The terms of the amalgamation of Lakshmi Vilas Bank (LVB) with DBS Bank have upset stock investors. The bank had a market capitalisation of nearly Rs 500 crore till Tuesday.

Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank India

November 25, 2020 8:54 pm

Lakshmi Vilas Bank - DBS Bank Merger: With this there will no further restrictions on the depositors regarding withdrawal of their deposits, Union Minister Prakash Javadekar informed in the briefing to the reporters.

Lakshmi Vilas Bank stock tanks over 53% in six days

November 24, 2020 12:47 pm

On Tuesday, the Lakshmi Vilas Bank stock plunged 9.88 per cent to Rs 7.30 -- its lower circuit limit as well as one year low -- on BSE. At NSE, it plummeted 9.88 per cent to Rs 7.30 -- its lowest trading permissible limit for the day.

Investors continue to dump Lakshmi Vilas Bank shares; stock tanks over 48% in five days

November 23, 2020 2:39 pm

On Monday, the Lakshmi Vilas Bank stock plunged 10 per cent to Rs 8.10 -- its lower circuit limit as well as one year low -- on the BSE. On the NSE, it plummeted 10 per cent to Rs 8.10 -- its lowest trading permissible limit for the day.

LVB merger: Investors may seek legal recourse, unions question DBS Bank selection

November 23, 2020 4:54 am

There are some who also raised questions on the way RBI came out with its resolution plan for LVB and announced that it has decided to merge the bank with DBS.

Rescuing the bank

November 21, 2020 5:44 am

The DBS-LVB deal ensures protection of depositors’ interest, which is supreme in banks.

Lakshmi Vilas Bank shares slump 20%; hit lower circuit

November 19, 2020 1:26 pm

Lakshmi Vilas Bank shares plunged 19.76 per cent on BSE to hit its lower circuit limit of Rs 9.95. Similarly, on NSE the scrip hit a lower circuit of Rs 10, diving 19.68 per cent.

Lakshmi Vilas Bank has enough liquidity to pay back depositors: Administrator

November 19, 2020 2:12 am

The Administrator appointed by the Reserve Bank of India (RBI) for LVB, T N Manoharan, assured depositors that the bank has enough liquidity to pay back their money deposited in the bank.