Tag: Lakshmi Vilas Bank

View: The RBI needs to cut the Gordian knot that threatens financial stability in India

At the heart of Reserve Bank of India’s (RBI) discussion paper, ‘ Revised Regulatory Framework for NBFCs’, released last Friday, is its concern that the...

LVB bondholders file petition in Madras HC against tier 2 write-off

Mumbai: Bond holders of Lakshmi Vilas Bank (LVB) have filed a writ petition in the Madras High Court, challenging the banking regulator’s decision to extinguish...

View: RBI’s proposal to allow business houses into banking is fraught with risk for system

by Raghuram Rajan, Viral Acharaya The RBI recently released a report of an Internal Working Group (IWG) to review bank ownership guidelines. RBI reviews its...

With Lakshmi Vilas deal, DBS faces potential culture clash

DBS Group’s move to take over troubled Lakshmi Vilas Bank will give Southeast Asia’s largest lender the boost in India it has long desired, but...

RBI’s Lakshmi Vilas Bank bailout plan: Singapore’s DBS to take over, infuse Rs 2,500 crore

KOLKATA: DBS Bank India Ltd (DBIL) will take over ailing Lakshmi Vilas Bank (LVB) in a bailout proposed by the Reserve Bank of India (RBI)....

Had demanded timely action from RBI on Lakshmi Vilas Bank, merger with a public sector bank: AIBEA

NEW DELHI: The umbrella body of bank unions AIBEA on Tuesday said it was demanding a timely action from the RBI on Lakshmi Vilas Bank...

Confident of getting money back from Lakshmi Vilas Bank, officials won’t be pardoned: Religare

NEW DELHI: Religare Enterprises Ltd has said its NBFC arm Religare Finvest Ltd (RFL) will be able to fully recover its fixed deposits, with an...

LVB shortlists three candidates for MD & CEO post; to send names to RBI in a week

NEW DELHI: The Committee of Directors (CoD) at the troubled Lakshmi Vilas Bank (LVB) has shortlisted three candidates for the post of MD and CEO...