Latest Updates On Lakshmi Vilas Bank Merger: 10 Things To Know
Business | Edited by Sandeep Singh (with inputs from PTI) | Saturday November 28, 2020
This week, the government approved the merger of crisis-hit Lakshmi Vilas Bank into DBS Bank India, a unit of Southeast Asia's largest lender, DBS. Lakshmi Vilas Bank (LVB) will now operate as DBS Bank India, with restrictions on withdrawals from its customers' accounts now lifted. The development comes days after withdrawals from Lakshmi Vilas Ban...
Stocks To Watch In Trade Today: Lakshmi Vilas Bank, Laurus Labs
Business | Edited by edited by Peter Noronha | Thursday November 26, 2020
Lakshmi Vilas Bank shares will be in focus after the government, on Wednesday, approved the merger of Lakshmi Vilas Bank with DBS Bank India
Trading In Lakshmi Vilas Bank Shares To Be Suspended From Thursday
Business | Asian News International | Thursday November 26, 2020
Reserve Bank has said the amalgamation of Lakshmi Vilas Bank with DBS Bank will come into force from November 27 and moratorium imposed on the crisis-ridden lender will be removed on that day.
Lakshmi Vilas Bank To Operate Branches As DBS Bank India From Friday
Business | Edited by Abhishek Vasudev | Wednesday November 25, 2020
The RBI's move came after the Union Cabinet earlier in the day approved the merger of Lakshmi Vilas Bank (LVB) with DBS India
Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India Cleared By Cabinet
Business | Edited by Peter Noronha | Wednesday November 25, 2020
Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.
Lakshmi Vilas Bank-DBS Bank Deal: Here Is All You Need to Know
Business | Edited by Sandeep Singh (with inputs from agencies) | Friday November 20, 2020
LVB-DBS Deal: According to the RBI's plan, the well-capitalised DBS Bank India will bring in additional capital of Rs 2,500 crore upfront.
Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
India News | Written by J Sam Daniel and Purva Chitnis, Edited by Harish Pullanoor | Thursday November 19, 2020
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...
Laxmi Vilas Bank Rescue Gets Underway With Withdrawal Cap, Merger Plan
Business | Edited by Peter Noronha (with inputs from agencies) | Wednesday November 18, 2020
The government initiated the process of rescuing the beleaguered Lakshmi Vilas Bank (LVB) on Tuesday by placing it under a moratorium for one month, and capping withdrawals from its customers' accounts at Rs 25,000 a month. The move to freeze the bank accounts was in view of the Tamil Nadu-based private sector lender's deteriorating financial healt...
Singapore-Based DBS Bank Denies Reports Of Yes Bank Acquisition
Business | Indo-Asian News Service | Sunday November 3, 2019
Yes Bank also confirmed that the DBS acquisition reports were false.
DBS Bank To Enter India's Credit Card Market In 2020
Business | Thomson Reuters | Tuesday August 20, 2019
The latest data from May showed 48.9 million credit card users in the country, compared with some 825 million with debit cards.
Indian In Singapore Given "Stern Warning" For Posting Image Of Torn Flag
Indians Abroad | Press Trust of India | Wednesday October 24, 2018
An Indian in Singapore has been reprimanded by the police for posting on Facebook, an image of the country's torn flag to reveal the Indian flag underneath, a media report said Wednesday.
As Rupee Dives To Record Low, How RBI May Tackle Crisis
Business | Anirban Nag, Bloomberg | Wednesday September 12, 2018
Pressure is mounting on Reserve Bank of India to take stronger action to stem rupee's slide.
Indian-Origin DBS Employee Posted Image Of Torn Singapore Flag, Loses Job
Indians Abroad | Press Trust of India | Tuesday August 28, 2018
An Indian-origin employee of Singapore's DBS Bank has lost his job after he posted on Facebook an image of the country's torn flag to reveal the Indian flag underneath on the eve of India's Independence Day.
RBI Likely To Keep Key Rates Unchanged In Upcoming Policy Review, Says Report
Business | Press Trust of India | Monday January 15, 2018
DBS Bank in a report said firm inflation at a time when growth is showing early signs of a revival and fiscal slippage risks are on the rise, puts the central bank in a tight spot.
External Borrowings To Finance Infrastructure Push: Nitin Gadkari
India News | Press Trust of India | Tuesday August 23, 2016
In an agreement between Jawaharlal Nehru Port Trust, State Bank of India and Singapore's DBS bank, the government has approved External Commercial Borrowings of up to 400 million dollars for upgrading infrastructure. More significantly, this will pave the way for other major ports to ink similar agreements.
Top News Of The Day: Cylone Nivar To Hit Near Puducherry Around Midnight
Nov 25, 2020
Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
Nov 19, 2020
Laxmi Vilas Bank Rescue Gets Underway With Withdrawal Cap, Merger Plan
Nov 18, 2020
India Must Do More For Job Retention Right Now: DBS Bank Chief
Apr 6, 2020
Rupee Benefitting From Strong Liquidity: Arvind Narayanan
Mar 29, 2017
Rupee at a Fresh 2-Year Low
Aug 21, 2015
Currency Markets: Pound sterling, Yen, Euro in focus
Apr 20, 2012
Markets went on profit booking mode after ECB infused liquidity: DBS Bank
Mar 1, 2012
Expect Euro to climb above $1.20 for next few months: DBS Bank
Jan 30, 2012
Political uncertainties to be short lived: DBS Bank
Jul 12, 2010
Currency cues (Apr 6, 2010)
Apr 6, 2010
Currency cues: Euro (Feb 9, 2010)
Feb 9, 2010
Currency check: View on dollar
Jan 25, 2010
Currency cues (Nov 10, 2009)
Nov 10, 2009
Latest Updates On Lakshmi Vilas Bank Merger: 10 Things To Know
Business | Edited by Sandeep Singh (with inputs from PTI) | Saturday November 28, 2020
This week, the government approved the merger of crisis-hit Lakshmi Vilas Bank into DBS Bank India, a unit of Southeast Asia's largest lender, DBS. Lakshmi Vilas Bank (LVB) will now operate as DBS Bank India, with restrictions on withdrawals from its customers' accounts now lifted. The development comes days after withdrawals from Lakshmi Vilas Ban...
Stocks To Watch In Trade Today: Lakshmi Vilas Bank, Laurus Labs
Business | Edited by edited by Peter Noronha | Thursday November 26, 2020
Lakshmi Vilas Bank shares will be in focus after the government, on Wednesday, approved the merger of Lakshmi Vilas Bank with DBS Bank India
Trading In Lakshmi Vilas Bank Shares To Be Suspended From Thursday
Business | Asian News International | Thursday November 26, 2020
Reserve Bank has said the amalgamation of Lakshmi Vilas Bank with DBS Bank will come into force from November 27 and moratorium imposed on the crisis-ridden lender will be removed on that day.
Lakshmi Vilas Bank To Operate Branches As DBS Bank India From Friday
Business | Edited by Abhishek Vasudev | Wednesday November 25, 2020
The RBI's move came after the Union Cabinet earlier in the day approved the merger of Lakshmi Vilas Bank (LVB) with DBS India
Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India Cleared By Cabinet
Business | Edited by Peter Noronha | Wednesday November 25, 2020
Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.
Lakshmi Vilas Bank-DBS Bank Deal: Here Is All You Need to Know
Business | Edited by Sandeep Singh (with inputs from agencies) | Friday November 20, 2020
LVB-DBS Deal: According to the RBI's plan, the well-capitalised DBS Bank India will bring in additional capital of Rs 2,500 crore upfront.
Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
India News | Written by J Sam Daniel and Purva Chitnis, Edited by Harish Pullanoor | Thursday November 19, 2020
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...
Laxmi Vilas Bank Rescue Gets Underway With Withdrawal Cap, Merger Plan
Business | Edited by Peter Noronha (with inputs from agencies) | Wednesday November 18, 2020
The government initiated the process of rescuing the beleaguered Lakshmi Vilas Bank (LVB) on Tuesday by placing it under a moratorium for one month, and capping withdrawals from its customers' accounts at Rs 25,000 a month. The move to freeze the bank accounts was in view of the Tamil Nadu-based private sector lender's deteriorating financial healt...
Singapore-Based DBS Bank Denies Reports Of Yes Bank Acquisition
Business | Indo-Asian News Service | Sunday November 3, 2019
Yes Bank also confirmed that the DBS acquisition reports were false.
DBS Bank To Enter India's Credit Card Market In 2020
Business | Thomson Reuters | Tuesday August 20, 2019
The latest data from May showed 48.9 million credit card users in the country, compared with some 825 million with debit cards.
Indian In Singapore Given "Stern Warning" For Posting Image Of Torn Flag
Indians Abroad | Press Trust of India | Wednesday October 24, 2018
An Indian in Singapore has been reprimanded by the police for posting on Facebook, an image of the country's torn flag to reveal the Indian flag underneath, a media report said Wednesday.
As Rupee Dives To Record Low, How RBI May Tackle Crisis
Business | Anirban Nag, Bloomberg | Wednesday September 12, 2018
Pressure is mounting on Reserve Bank of India to take stronger action to stem rupee's slide.
Indian-Origin DBS Employee Posted Image Of Torn Singapore Flag, Loses Job
Indians Abroad | Press Trust of India | Tuesday August 28, 2018
An Indian-origin employee of Singapore's DBS Bank has lost his job after he posted on Facebook an image of the country's torn flag to reveal the Indian flag underneath on the eve of India's Independence Day.
RBI Likely To Keep Key Rates Unchanged In Upcoming Policy Review, Says Report
Business | Press Trust of India | Monday January 15, 2018
DBS Bank in a report said firm inflation at a time when growth is showing early signs of a revival and fiscal slippage risks are on the rise, puts the central bank in a tight spot.
External Borrowings To Finance Infrastructure Push: Nitin Gadkari
India News | Press Trust of India | Tuesday August 23, 2016
In an agreement between Jawaharlal Nehru Port Trust, State Bank of India and Singapore's DBS bank, the government has approved External Commercial Borrowings of up to 400 million dollars for upgrading infrastructure. More significantly, this will pave the way for other major ports to ink similar agreements.
Top News Of The Day: Cylone Nivar To Hit Near Puducherry Around Midnight
Nov 25, 2020
Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
Nov 19, 2020
Laxmi Vilas Bank Rescue Gets Underway With Withdrawal Cap, Merger Plan
Nov 18, 2020
India Must Do More For Job Retention Right Now: DBS Bank Chief
Apr 6, 2020
Rupee Benefitting From Strong Liquidity: Arvind Narayanan
Mar 29, 2017
Rupee at a Fresh 2-Year Low
Aug 21, 2015
Currency Markets: Pound sterling, Yen, Euro in focus
Apr 20, 2012
Markets went on profit booking mode after ECB infused liquidity: DBS Bank
Mar 1, 2012
Expect Euro to climb above $1.20 for next few months: DBS Bank
Jan 30, 2012
Political uncertainties to be short lived: DBS Bank
Jul 12, 2010
Currency cues (Apr 6, 2010)
Apr 6, 2010
Currency cues: Euro (Feb 9, 2010)
Feb 9, 2010
Currency check: View on dollar
Jan 25, 2010
Currency cues (Nov 10, 2009)
Nov 10, 2009
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