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Bank FD: Kotak Vs DBS Bank Vs Bank of Baroda; Check Comparison of Latest Interest Rates
2 years, 4 months ago

Bank FD: Kotak Vs DBS Bank Vs Bank of Baroda; Check Comparison of Latest Interest Rates

News 18  

As the RBI’s Monetary Policy Committee has raised the key repo rate twice in its previous two review meetings and is expected to further hike the rate further in its ongoing meet this week, banks have been increasing their rates on both loans and deposits. Here’s the comparison of the current fixed deposit interest rates offered by these three lenders …

General Bank Interest Senior Citizens Public Cent Citizens
Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now
4 years ago

Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now

India TV News  

Tamil Nadu-based Lakshmi Vilas Bank with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation on Wednesday. The Reserve Bank of India had announced November 27 as the effective …

India Tamil Nadu Indian Bank Rbi Merger Lender
News18 Evening Digest: Centre Issues New Guidelines from Dec 1 for Covid-19 Management and Other Top Stories
4 years, 1 month ago

News18 Evening Digest: Centre Issues New Guidelines from Dec 1 for Covid-19 Management and Other Top Stories

News 18  

Centre Issues New Guidelines from Dec 1, States Allowed to Impose Local Curbs Only in Containment Zones The Ministry of Home Affairs has issued fresh guidelines for surveillance, containment and caution. Chennai Airport to Close from 7pm as ‘Very Severe’ Cyclone Likely to Cross TN Coast Several flights were cancelled and a public holiday declared to prepare for Cyclone Nivar, …

India Tamil Nadu New Zealand Puducherry Dec Read Ffi
The Hindu Explains | What is a bank moratorium, and when does it come into play?
4 years, 1 month ago

The Hindu Explains | What is a bank moratorium, and when does it come into play?

The Hindu  

The story so far: On November 17, the Centre, acting on the recommendation of the Reserve Bank of India, imposed a moratorium on Lakshmi Vilas Bank for a period of 30 days. The RBI, the regulatory body overseeing the country’s financial system, has the power to ask the government to have a moratorium placed on a bank’s operations for a …

Bank Funds Rbi Yes Bank Dbs Lvb Hindu Explains
Laxmi Vilas Bank Placed Under Moratorium, Centre Announces Draft Amalgamation Scheme With DBS Bank India Ltd.
4 years, 1 month ago

Laxmi Vilas Bank Placed Under Moratorium, Centre Announces Draft Amalgamation Scheme With DBS Bank India Ltd.

Live Law  

Laxmi Vilas Bank has been placed on moratorium for a month, beginning 17.11.2020 until 16.12.2020 stays the commencement or continuance of all actions and proceedings against that banking company during the period of moratorium, subject to the condition that such stay shall not in any manner prejudice the exercise by the Central Government of its powers under Section 35 of …

India Bank Rbi Moratorium Laxmi Vilas Dbs Bank India Ltd
India to Fold Lakshmi Vilas Bank into Local Arm of Singapore's DBS
4 years, 1 month ago

India to Fold Lakshmi Vilas Bank into Local Arm of Singapore's DBS

News 18  

The Reserve Bank of India on Tuesday proposed folding Lakshmi Vilas Bank into the local unit of Singapore’s DBS, shortly after taking control of the Indian lender due to a “serious deterioration” in its financial position. India also said in a statement it had temporarily capped withdrawals from Lakshmi Vilas, which had been locked in protracted talks with Clix Capital, …

India Lakshmi Vilas Bank Lakshmi Vilas