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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"

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.

Lakshmi Vilas Bank name Board gets DBS logo, tagline on new ownership

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


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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?’

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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

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Central Government places The Lakshmi Vilas Bank Ltd under a moratorium for 30 days, caps withdrawal limit from the bank at Rs 25,000 till December 16: Reserve Bank of India

#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

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#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

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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