RBI Imposes Rs 1 Crore Penalty On Lakshmi Vilas Bank
Business | Indo-Asian News Service | Monday October 14, 2019
The central bank said its statutory inspection of the bank with reference to its financial position as on March 31, 2017, revealed, inter alia, non-compliance with directions issued by RBI on"Income Recognition and Asset Classification (IRAC) norms".
As RBI Vetoes Lakshmi Vilas Bank, Indiabulls Housing Merger, What's Next
India News | Suvashree Ghosh, Bloomberg | Thursday October 10, 2019
Lakshmi Vilas Bank Ltd. said India's central bank rejected its proposal to combine with a shadow lender, a move that may delay its plan to raise capital.
RBI Rejects Indiabulls Housing, Lakshmi Vilas Bank's Proposed Merger
Business | Thomson Reuters | Wednesday October 9, 2019
This comes days after the Reserve Bank of India initiated a so-called "prompt corrective action" on the lender due to high level of bad loans, lack of sufficient capital to manage risks and a negative return on assets for two consecutive years.
Lakshmi Vilas Bank Hits 5% Lower Circuit For Fourth Straight Day
Business | Edited By Abhishek Vasudev | Thursday October 3, 2019
Lakshmi Vilas Bank on Wednesday informed exchanges that its non-executive independent director Supriya Prakash Sen resigned from the bank.
RBI Action Has No Connection With Religare Finvest FIR: Lakshmi Vilas Bank
Business | Edited By Abhishek Vasudev | Tuesday October 1, 2019
Shares of the Chennai-based private sector lender - Lakshmi Vilas Bank - were locked in a 5 per cent lower circuit for third day in a row.
RBI Action To Improve Performance, Not To Impact Normal Operations: Lakshmi Vilas Bank
Business | Edited by Sandeep Singh (with inputs from agencies) | Saturday September 28, 2019
Lakshmi Vilas Bank-RBI News: The Reserve Bank of India (RBI) has advised Lakshmi Vilas Bank on the restrictions put in place and the actions to be taken. Lakshmi Vilas Bank will report the RBI on the progress of the compliance measures on a monthly basis.
RBI Initiates Prompt Corrective Action Against Lakshmi Vilas Bank
Business | ANI | Saturday September 28, 2019
On Friday, Lakshmi Vilas Bank shares closed 4.94 per cent lower at Rs 36.55 apiece on the BSE after the bank said that Economic Offences Wing of Delhi Police had registered a first information report (FIR) against its directors. Lakshmi Vilas Bank has been accused by Religare Finvest of misappropriating Rs 790 crore it kept with the lender as a fix...
Delhi Police Probes Lakshmi Vilas Bank Directors For Alleged Fraud
Business | Thomson Reuters | Friday September 27, 2019
Religare Finvest (RFL) has accused Lakshmi Vilas of misappropriating Rs 790 crore it kept with the bank as a fixed deposit.
RBI To Take Time To Examine Lakshmi Vilas Bank-Indiabulls Housing Finance Merger Deal: Report
Business | Indo-Asian News Service | Wednesday April 10, 2019
RBI earlier said it is yet to approve Lakshmi Vilas Bank-IHFL merger. In a statement the RBI had noted that it would examine the proposal as per extant regulatory guidelines and directions.
Sensex Falls Over 400 Points From Day's High, Nifty Slides Below 11,600
Business | NDTV Profit Team | Monday April 8, 2019
In afternoon trade, all sectors traded with losses, leading to a reversal in gains registered by the benchmark indexes earlier in the day.
Lakshmi Vilas Bank Surges 5% On Merger Deal With Indiabulls Housing Finance
Business | NDTV Profit Team | Monday April 8, 2019
Lakshmi Vilas Bank shares surged by its daily maximum limit of 5 per cent, for a third day in a row, to Rs 97.35 after board of directors of the bank approved merger deal with Indiabulls Housing Finance,
Not Yet Approved Merger Of Lakshmi Vilas Bank And Indiabulls Housing Finance: RBI
Business | Thomson Reuters | Sunday April 7, 2019
RBI said it will examine the proposal upon receiving it from the parties in line with regulatory guidelines
Lakshmi Vilas, Indiabulls Housing To Merge In Share-Swap Deal
Business | Thomson Reuters | Friday April 5, 2019
Lakshmi Vilas Bank had total assets worth Rs 40,429 crore, as of March 31, 2018, while Indiabulls Housing had total assets of Rs 1.32 lakh crore, as on December 31.
RBI Imposes Penalty On Lakshmi Vilas Bank
Business | Press Trust of India | Friday January 6, 2017
The penalty on the bank, the RBI said, has been imposed for "contravention of instructions" relating to opening and operation of current accounts, extending bill discounting facilities to non-constituents and walk-in customers and non-adherence to KYC norms.
Lakshmi Vilas Bank To Raise Rs 600 Crore Through QIP
Business | Press Trust of India | Thursday December 29, 2016
The Committee of Directors for Capital Raising of the private sector bank, at a meeting held on Wednesday, approved the floor price for the QIP issue at Rs 141.15 per equity share, Lakshmi Vilas Bank said in a regulatory filing.
Lakshmi Vilas Bank Management on Q1 Earnings
Jul 24, 2015
Higher Loan Recovery Boosted Q3 Net: Lakshmi Vilas Bank
Jan 14, 2015
Banks' margins will get tighter: Lakshmi Vilas Bank
May 3, 2011
RBI policy a 'huge lament': LVB
Jan 27, 2011
Rate hike: Some banks hike deposit rates
Jul 28, 2010
RBI Imposes Rs 1 Crore Penalty On Lakshmi Vilas Bank
Business | Indo-Asian News Service | Monday October 14, 2019
The central bank said its statutory inspection of the bank with reference to its financial position as on March 31, 2017, revealed, inter alia, non-compliance with directions issued by RBI on"Income Recognition and Asset Classification (IRAC) norms".
As RBI Vetoes Lakshmi Vilas Bank, Indiabulls Housing Merger, What's Next
India News | Suvashree Ghosh, Bloomberg | Thursday October 10, 2019
Lakshmi Vilas Bank Ltd. said India's central bank rejected its proposal to combine with a shadow lender, a move that may delay its plan to raise capital.
RBI Rejects Indiabulls Housing, Lakshmi Vilas Bank's Proposed Merger
Business | Thomson Reuters | Wednesday October 9, 2019
This comes days after the Reserve Bank of India initiated a so-called "prompt corrective action" on the lender due to high level of bad loans, lack of sufficient capital to manage risks and a negative return on assets for two consecutive years.
Lakshmi Vilas Bank Hits 5% Lower Circuit For Fourth Straight Day
Business | Edited By Abhishek Vasudev | Thursday October 3, 2019
Lakshmi Vilas Bank on Wednesday informed exchanges that its non-executive independent director Supriya Prakash Sen resigned from the bank.
RBI Action Has No Connection With Religare Finvest FIR: Lakshmi Vilas Bank
Business | Edited By Abhishek Vasudev | Tuesday October 1, 2019
Shares of the Chennai-based private sector lender - Lakshmi Vilas Bank - were locked in a 5 per cent lower circuit for third day in a row.
RBI Action To Improve Performance, Not To Impact Normal Operations: Lakshmi Vilas Bank
Business | Edited by Sandeep Singh (with inputs from agencies) | Saturday September 28, 2019
Lakshmi Vilas Bank-RBI News: The Reserve Bank of India (RBI) has advised Lakshmi Vilas Bank on the restrictions put in place and the actions to be taken. Lakshmi Vilas Bank will report the RBI on the progress of the compliance measures on a monthly basis.
RBI Initiates Prompt Corrective Action Against Lakshmi Vilas Bank
Business | ANI | Saturday September 28, 2019
On Friday, Lakshmi Vilas Bank shares closed 4.94 per cent lower at Rs 36.55 apiece on the BSE after the bank said that Economic Offences Wing of Delhi Police had registered a first information report (FIR) against its directors. Lakshmi Vilas Bank has been accused by Religare Finvest of misappropriating Rs 790 crore it kept with the lender as a fix...
Delhi Police Probes Lakshmi Vilas Bank Directors For Alleged Fraud
Business | Thomson Reuters | Friday September 27, 2019
Religare Finvest (RFL) has accused Lakshmi Vilas of misappropriating Rs 790 crore it kept with the bank as a fixed deposit.
RBI To Take Time To Examine Lakshmi Vilas Bank-Indiabulls Housing Finance Merger Deal: Report
Business | Indo-Asian News Service | Wednesday April 10, 2019
RBI earlier said it is yet to approve Lakshmi Vilas Bank-IHFL merger. In a statement the RBI had noted that it would examine the proposal as per extant regulatory guidelines and directions.
Sensex Falls Over 400 Points From Day's High, Nifty Slides Below 11,600
Business | NDTV Profit Team | Monday April 8, 2019
In afternoon trade, all sectors traded with losses, leading to a reversal in gains registered by the benchmark indexes earlier in the day.
Lakshmi Vilas Bank Surges 5% On Merger Deal With Indiabulls Housing Finance
Business | NDTV Profit Team | Monday April 8, 2019
Lakshmi Vilas Bank shares surged by its daily maximum limit of 5 per cent, for a third day in a row, to Rs 97.35 after board of directors of the bank approved merger deal with Indiabulls Housing Finance,
Not Yet Approved Merger Of Lakshmi Vilas Bank And Indiabulls Housing Finance: RBI
Business | Thomson Reuters | Sunday April 7, 2019
RBI said it will examine the proposal upon receiving it from the parties in line with regulatory guidelines
Lakshmi Vilas, Indiabulls Housing To Merge In Share-Swap Deal
Business | Thomson Reuters | Friday April 5, 2019
Lakshmi Vilas Bank had total assets worth Rs 40,429 crore, as of March 31, 2018, while Indiabulls Housing had total assets of Rs 1.32 lakh crore, as on December 31.
RBI Imposes Penalty On Lakshmi Vilas Bank
Business | Press Trust of India | Friday January 6, 2017
The penalty on the bank, the RBI said, has been imposed for "contravention of instructions" relating to opening and operation of current accounts, extending bill discounting facilities to non-constituents and walk-in customers and non-adherence to KYC norms.
Lakshmi Vilas Bank To Raise Rs 600 Crore Through QIP
Business | Press Trust of India | Thursday December 29, 2016
The Committee of Directors for Capital Raising of the private sector bank, at a meeting held on Wednesday, approved the floor price for the QIP issue at Rs 141.15 per equity share, Lakshmi Vilas Bank said in a regulatory filing.
Lakshmi Vilas Bank Management on Q1 Earnings
Jul 24, 2015
Higher Loan Recovery Boosted Q3 Net: Lakshmi Vilas Bank
Jan 14, 2015
Banks' margins will get tighter: Lakshmi Vilas Bank
May 3, 2011
RBI policy a 'huge lament': LVB
Jan 27, 2011
Rate hike: Some banks hike deposit rates
Jul 28, 2010
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