Lakshmi Vilas Bank’s decision to amortize the value of Tier-2 bonds ₹Rs 318 crore could increase the cost of borrowing for peers, especially the weaker ones, experts said. The troubled private bank said on Thursday that it has written off all of its Basel III-compliant Tier-2 bonds as advised by …
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MUMBAI : The Mumbai High Court on Thursday refused to grant the suspension of the final plan of merger between DBS bank and Lakshmi Vilas bank, which will take effect on Friday. A group of promoter entities had taken legal action against the Reserve Bank of India, the Union of …
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MUMBAI : The Reserve Bank did not issue the final merger scheme for Lakshmi Vilas Bank (LVB) with DBS India on Friday as stated above and is likely to do so only next week, according to a central bank official. While placing LVB under a moratorium and then issuing a …
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Global credit rating agencies have applauded the Reserve Bank of India’s (RBI) decision to merge the capital-hungry Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL), the Indian arm of the DBS Bank of Singapore, saying the deal will benefit both lenders. . As part of the merger, DBIL …
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EEB (Photo credit: Kamlesh Pednekar) Continuing their move north, the benchmark indices rose another 0.5 percent on Wednesday to settle for new closing peaks. The S&P BSE Sensex broke the 44,000 mark to end the day at 44,180 levels, up 227 points, or 0.52 percent, while NSE’s Nifty closed the …
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The Reserve Bank of India (RBI) took control of Lakshmi Vilas Bank (LVB) on Tuesday due to a “serious deterioration” in its finances. Withdrawals from the bank, which has been seeking a partner since last year to meet minimum capital buffers, had also been temporarily limited to 25,000 rupees, the …
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