Laxmi Vilas Bank Rescue Gets Underway With Withdrawal Cap, Merger Plan | Read

  • 2:25
  • Published On: November 18, 2020
Cinema View
Embed
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 ₹ 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 health. The Reserve Bank of India (RBI) proposed a plan to merge Lakshmi Vilas Bank with DBS Bank India, a subsidiary of Singapore-based DBS Bank, due to failure to find a suitor for the troubled bank in the past.

Related Videos

Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India Cleared By Cabinet
November 25, 2020 2:26
Moratorium On Lakshmi Vilas Bank: How Can You Keep Your Money Safe?
November 20, 2020 23:06
Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
November 19, 2020 2:55
Centre Caps Withdrawal From Lakshmi Vilas Bank At Rs 25,000 Till December 16
November 17, 2020 5:49
Lakshmi Vilas Bank Management on Q1 Earnings
July 24, 2015 8:29
Higher Loan Recovery Boosted Q3 Net: Lakshmi Vilas Bank
January 14, 2015 6:32
Banks' margins will get tighter: Lakshmi Vilas Bank
May 03, 2011 6:48
RBI policy a 'huge lament': LVB
January 27, 2011 5:36
Stock picks for August 4
August 03, 2010 27:44
  • IPL 2025 Retention: Rishabh Pant, KL Rahul Enter Auction; Virat Kohli, MS Dhoni Retained For...
    October 31, 2024 4:37

    IPL 2025 Retention: Rishabh Pant, KL Rahul Enter Auction; Virat Kohli, MS Dhoni Retained For...

  • NDTV Ground Report From New York: Will US Get Its 1st-Ever Female President?
    October 31, 2024 4:02

    NDTV Ground Report From New York: Will US Get Its 1st-Ever Female President?

  • Big Jolt To Mumbai Congress: Senior Leader Ravi Raja Joins BJP Ahead Of Maharashtra Election
    October 31, 2024 2:32

    Big Jolt To Mumbai Congress: Senior Leader Ravi Raja Joins BJP Ahead Of Maharashtra Election

  • Chaos All Around After Fire Breaks Out At Cracker Shops In Jharkhand
    October 31, 2024 4:06

    Chaos All Around After Fire Breaks Out At Cracker Shops In Jharkhand

  • 1 Dead, 6 Injured In Diwali 'Onion Bomb' Tragedy In Andhra Pradesh
    October 31, 2024 3:07

    1 Dead, 6 Injured In Diwali 'Onion Bomb' Tragedy In Andhra Pradesh

  • PM Modi Celebrates Diwali With Soldiers In Gujarat's Kachchh
    October 31, 2024 7:13

    PM Modi Celebrates Diwali With Soldiers In Gujarat's Kachchh

  • Anupam Kher's Secret to Fitness at 69 | 'Vijay 69' Workout Session
    October 31, 2024 20:11

    Anupam Kher's Secret to Fitness at 69 | 'Vijay 69' Workout Session

  • Will Continue Peace Restoration Process: Rajnath Singh On India-China LAC Pact
    October 31, 2024 1:27

    Will Continue Peace Restoration Process: Rajnath Singh On India-China LAC Pact

  • What Matters Most For Indian-Americans In US Elections? An Expert Answers
    October 31, 2024 3:10

    What Matters Most For Indian-Americans In US Elections? An Expert Answers

  • No More Politics On Tirumala, Says New Temple Body Chief
    October 31, 2024 5:26

    No More Politics On Tirumala, Says New Temple Body Chief

  • Indian, Chinese Troops Exchange Diwali Sweets After Border Disengagement
    October 31, 2024 1:48

    Indian, Chinese Troops Exchange Diwali Sweets After Border Disengagement

  • PM Modi Continues Diwali Tradition, Celebrates With Soldiers In Kachchh
    October 31, 2024 1:27

    PM Modi Continues Diwali Tradition, Celebrates With Soldiers In Kachchh

  • "Will Try To Go Beyond Disengagement, But...": Rajnath Singh's LAC Update
    October 31, 2024 3:33

    "Will Try To Go Beyond Disengagement, But...": Rajnath Singh's LAC Update

  • Ajit Doval Speaks To US Counterpart, Discusses Indo-Pacific Stability
    October 31, 2024 1:51

    Ajit Doval Speaks To US Counterpart, Discusses Indo-Pacific Stability

  • Congress Veteran Ravi Raja Joins BJP Ahead Of Maharashtra Polls
    October 31, 2024 3:44

    Congress Veteran Ravi Raja Joins BJP Ahead Of Maharashtra Polls

  • Delhi's Air Quality Remains In 'Very Poor' Category On Diwali
    October 31, 2024 8:13

    Delhi's Air Quality Remains In 'Very Poor' Category On Diwali

  • When Will India Have Its ChatGPT Moment? Expert At NDTV World Summit Answers
    October 31, 2024 3:02

    When Will India Have Its ChatGPT Moment? Expert At NDTV World Summit Answers

  • This Indian Village Celebrates Darkness, Is Home To 'Dark Sky Reserve'
    October 31, 2024 2:30

    This Indian Village Celebrates Darkness, Is Home To 'Dark Sky Reserve'

  • Contagious Bird Disease Strikes At Rajasthan Sambhar Lake
    October 31, 2024 2:46

    Contagious Bird Disease Strikes At Rajasthan Sambhar Lake

  • Telangana Bans Mayonnaise Made From Raw Eggs Over Food Poisoning Concerns
    October 31, 2024 0:23

    Telangana Bans Mayonnaise Made From Raw Eggs Over Food Poisoning Concerns

  • Tension In Bengal Over Housing Scheme, State Orders List Verification
    October 31, 2024 3:12

    Tension In Bengal Over Housing Scheme, State Orders List Verification