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Plea challenging Lakshmi Vilas Bank-DBS merger filed in Delhi HC
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A plea in the Delhi High Court has challenged the merger of Lakshmi Vilas Bank with Development Bank of Singapore (DBS), contending that its shareholders have been "left in the lurch"
Plea in Delhi High Court against Lakshmi Vilas Bank-DBS merger says shareholders shortchanged #Finance
"It was a radical but pragmatic decision of the Reserve Bank’s to approve DBS Bank India to acquire the struggling Lakshmi Vilas Bank"
Lakshmi Vilas Bank will finally delist from bourses on December 18
The Bombay HC adjourned the case filed by the shareholders and investors of Lakshmi Vilas Bank (LVB) to December 22, after RBI and DBS Bank India informed that they have approached the Supreme Court to get all the cases transferred to one High Court.
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
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14 months on, no respite for PMC Bank victims. Depositors on hunger strike say ‘Give us access to our money’. ‘Yes Bank, Lakshmi Vilas ‘rescued’, PMC depositors forgotten?’
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."
Lakshmi Vilas Bank Ltd. branches to operate as DBS Bank India Ltd. branches from November 27.
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
#BREAKING ‘RBI places a draft scheme of amalgamation of The Lakshmi Vilas Bank Ltd. (LVB) with DBS Bank India Ltd’ @_ritusingh #RBI @CNBCTV18Live @CNBCTV18News
#BreakingNews | Lakshmi Vilas Bank brought under moratorium effective 6 pm, November 17 until December 16
#BreakingNews “RBI vide their letter dated October 09, 2019, informed the application for voluntary amalgamation of lndiabulls Housing Finance Limited and lndiabulls Commercial Credit Limited with The Lakshmi Vilas Bank Limited cannot be approved” #RBI #Indiabulls @CNBCTV18Live
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
The dubious Shaktikant Das RBI governor is trying to palm off Lakshmi Vilas Bank to India Bulls even though Ali Bibi’s Hooda is behind it? Earlier RBI before Das came has rejected the proposal. Watching the file movement
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