Plea in Delhi High Court against Lakshmi Vilas Bank-DBS merger says shareholders shortchanged #Finance
Small lenders to pay the price as RBI writes off debt of Lakshmi Vilas Bank
Lakshmi Vilas Bank customers can access all services; no change in interest rates as of now: DBS
Singapore's DBS says has completed takeover of Lakshmi Vilas Bank
Tamil Nadu: Lakshmi Vilas Bank Ltd branches operating as DBS Bank India Ltd from Nov 27. It was earlier placed under moratorium, withdrawal capped at Rs 25,000. A customer in Madurai, says, "We had a hard time withdrawing Rs 25,000. Govt took quick action, I express gratitude."
Union Cabinet approves Scheme of Amalgamation of Lakshmi Vilas Bank with Development Bank India Ltd (DBIL), a private bank. With this, there will no further restrictions on the depositors regarding the withdrawal of their deposits: Union Minister Prakash Javadekar
Economic Offences Wing registers FIR against Lakshmi Vilas Bank for offences of cheating, criminal breach of trust by banker, criminal conspiracy & misappropriation. FIR is based on complaint filed by Religare Finvest