Lakshmi Vilas Bank News
‘LVB bond write-down negative for holders, positive for depositors’
Moody’s Investors Service said that this event marks the first time that an Indian bank has written down Basel III tier 2 securitiesThe write-down of Basel III compliant securities is consistent with the approach regulators use globally to minimize the cost of a bank bailout to taxpayers, it added
2 min read2 Dec 2020LVB bond shock to cost banks dear
The troubled private bank on Thursday said it has written down all of its Basel III compliant Tier-2 bonds as advised by the RBI
2 min read28 Nov 2020Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now
The Reserve Bank of India had announced November 27 as the effective date of merger for LVB with DBS Bank India LtdMany stakeholders including bank unions have raised questions on the manner in which the LVB was merged with subsidiary of a foreign bank
2 min read27 Nov 2020Write-off of Lakshmi Vilas Bank’s debt to sting small lenders
Smaller lenders will have to rely more on equity raise as investors shall be a bit more skeptical to take risk now
1 min read27 Nov 2020Lakshmi Vilas Bank’s Q2 net loss widens to ₹397 cr
Net interest income declined 28% to ₹79.5 crore
1 min read7 Nov 2020Lakshmi Vilas Bank gets approval from its board to raise up to ₹500 cr
The LVB board gave its nod for raising the funds via a rights issue
2 min read16 Oct 2020Lakshmi Vilas Bank board approves raising up to ₹500 crore via rights issue
Last week, the lender said it has received a non-binding offer from non-banking finance company Clix group for a merger
1 min read15 Oct 2020Lakshmi Vilas Bank rallies 16% on receiving non-binding offer from Clix Group
At 11.50 am, Lakshmi Vilas Bank shares were trading at Rs20.30 apiece, up 14.04% from its previous close
2 min read9 Oct 2020Turmoil at Lakshmi Vilas Bank puts Clix deal in jeopardy
The struggling private bank is desperately looking for capital and is in talks with the Clix Group for a merger
2 min read30 Sep 2020Stocks to Watch: RIL, Lakshmi Vilas Bank, Mindtree, Dr Reddy’s, Sun Pharma, Ceat
Reliance Retail Ventures Limited, the retail business of Mukesh Ambani’s Reliance Industries Ltd, has received ₹7,500 crore from tech investor Silver Lake
2 min read28 Sep 2020Popular Topics
Budget
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