chief placed stock condition shareholders crisis 575 service safe cent false talks citibank avail soon syndrome india larger imposes times notice diggs worldwide minister adani million senior taste shall fixed

Articles for Dbs, search results for scheme

Budget 2022: FM may seek to balance growth and consolidation beyond COVID, feels Radhika Rao of DBS Group Research
2 years, 11 months ago

Budget 2022: FM may seek to balance growth and consolidation beyond COVID, feels Radhika Rao of DBS Group Research

Firstpost  

DBS Research Group’s Radhika Rao feels that above-target revenue and strong nominal GDP are expected to help absorb the increase in spending, keeping FY22 deficit at -6.8 percent of GDP Radhika Rao, Senior Economist at DBS Group Research, feels that besides managing the COVID-19 pandemic, this Budget will seek to strike a balance between growth and consolidation. “We also remain …

Growth Budget Covid Likely Rao Higher Gst
Plea in HC against Lakshmi Vilas Bank-DBS merger
3 years, 11 months ago

Plea in HC against Lakshmi Vilas Bank-DBS merger

Hindustan Times  

A plea in the Delhi High Court has challenged the scheme of amalgamation of Lakshmi Vilas Bank with Development Bank of Singapore, contending that its shareholders have been "left in the lurch" and the Centre and the Reserve Bank have failed to protect their interests. The petition was listed before a bench of Chief Justice D N Patel and Justice …

Bank Centre Rbi Scheme Dbs Lakshmi Vilas Bank
HC issues DBS notice over plea by Religare
4 years ago

HC issues DBS notice over plea by Religare

Live Mint  

Religare Finvest Ltd, which has a pending case against Lakshmi Vilas Bank for misappropriating fixed deposits worth ₹750 crore, on Thursday sought directions from Delhi High Court to substitute the defendant Lakshmi Vilas Bank Limited with DBS Bank India Ltd in the ongoing suit, on the ground of the mergers of the two banks. Asserting on the recent developments where …

Bank Religare Lvb Dbs Notice
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
Bombay High Court Refuses To Stay RBI Scheme For Lakshmi Vilas Bank Merger With DBS Bank
4 years ago

Bombay High Court Refuses To Stay RBI Scheme For Lakshmi Vilas Bank Merger With DBS Bank

Live Law  

The Bombay High Court on Thursday rejected a prayer for ad-interim stay on Reserve Bank Of India's amalgamation scheme for the merger of Lakshmi Vilas Bank with the DBS Bank approved by the Union Cabinet, in a plea filed by shareholders of Lakshmi Vilas Bank. Senior Advocate Darius Khambata appeared on behalf of the petitioners, he submitted that the first …

Court Bank Rbi Scheme Stay Kadam Section 45
Lakshmi Vilas Bank to Become DBS Bank India from Friday, Rs 25,000 Withdrawal Restriction to Go
4 years ago

Lakshmi Vilas Bank to Become DBS Bank India from Friday, Rs 25,000 Withdrawal Restriction to Go

News 18  

The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited with DBS Bank …

India Cabinet Rbi Lakshmi Dbs Lvb Dbs Bank India
Govt Approves Merger of Lakshmi Vilas Bank with DBS Bank India, Lifts Curbs on Withdrawal of Deposits
4 years ago

Govt Approves Merger of Lakshmi Vilas Bank with DBS Bank India, Lifts Curbs on Withdrawal of Deposits

News 18  

The government on Wednesday approved merger of crisis-ridden Lakshmi Vilas Bank with DBS Bank India Ltd and removed restrictions on withdrawal of deposits by depositors. The Union Cabinet has approved the merger of the LVB with DBS Bank India Limited, Union Minister Prakash Javadekar told reporters, adding the decision will provide comfort to 20 lakh depositors and protect the services …

India Bank Lvb Dbs Bank India Lakshmi Vilas Bank Vilas Bank
DBS Wanted to Buy 50% Stake of Lakshmi Vilas Bank in 2018, but RBI Rejected Deal, Says Promoter
4 years, 1 month ago

DBS Wanted to Buy 50% Stake of Lakshmi Vilas Bank in 2018, but RBI Rejected Deal, Says Promoter

News 18  

K R Pradeep, the single largest promoter of the crippled Lakshmi Vilas Bank with a 4.8 per cent shareholding, has said that Singapore’s DBS was keen to acquire 50 per cent stake in the lender for a high valuation in 2018 but the Reserve Bank did not allow the deal to go through. With the Reserve Bank of India superseding …

Bank Cent Rbi Promoter Pradeep Lakshmi Vilas Bank
Proposed Merger of Lakshmi Vilas Bank With DBS Bank a Remarkable Job, Says RBI Board Member
4 years, 1 month ago

Proposed Merger of Lakshmi Vilas Bank With DBS Bank a Remarkable Job, Says RBI Board Member

News 18  

RBI board member Manish Sabharwal on Thursday praised the central bank on its proposal to merge Lakshmi Vilas Bank with the Indian arm of Singapore-based DBS Bank, saying the scheme is a new template where a distressed private sector entity is rescued by another private player. On Tuesday, the government imposed a 30-day moratorium on Lakshmi Vilas Bank, restricting cash …

Bank Rbi Sabharwal Dbs Bank Dbs Lvb Lakshmi Vilas Bank
Merger With Lakshmi Vilas Bank to Strengthen DBS Bank's India Business, Says Moody's
4 years, 1 month ago

Merger With Lakshmi Vilas Bank to Strengthen DBS Bank's India Business, Says Moody's

News 18  

Moody’s Investors Service on Wednesday said Singapore’s DBS Bank will strengthen its India business following merger with troubled Lakshmi Vilas Bank. Banking regulator RBI on Tuesday announced a draft scheme to amalgamate the troubled Lakshmi Vilas Bank into DBS Bank India, which is fully owned by DBS Bank Ltd. “The merger will strengthen DBS’ business position in India by adding …

India Bank Rbi Dbs Bank Dbs Lvb Lakshmi Vilas Bank
LVB Shareholders Not to Get Anything As Per RBI's Draft Scheme for Merger, Key Managerial Personnel May Lose Job
4 years, 1 month ago

LVB Shareholders Not to Get Anything As Per RBI's Draft Scheme for Merger, Key Managerial Personnel May Lose Job

News 18  

The shareholders of the 94-year-old Lakshmi Vilas Bank may not be getting anything as per the Reserve Bank of India’s draft scheme for its amalgamation with DBS Bank India. The draft scheme also states the employees of the LVB will become the employees of the DBS Bank and the latter can discontinue the services of key managerial personnel of the …

India Bank Rbi Scheme Appointed Dbs Lvb
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
RBI Puts Lakshmi Vilas Bank under Moratorium, Caps Withdrawals at Rs 25,000; DBS Bank to Acquire Lender
4 years, 1 month ago

RBI Puts Lakshmi Vilas Bank under Moratorium, Caps Withdrawals at Rs 25,000; DBS Bank to Acquire Lender

News 18  

The government on Tuesday imposed a month-long moratorium on Lakshmi Vilas Bank, restricting cash withdrawals at Rs 25,000 per depositor, and simultaneously announcing a scheme to merge the cash-strapped lender with DBS India. The RBI placed in the public domain a draft scheme of amalgamation of LVB with DBS Bank India Ltd. The Department of Financial Services in a gazette …

India Bank Crore Rbi Dbs Bank Dbs Lvb