Lakshmi Vilas Bank
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All Stories for Lakshmi Vilas Bank
RBI imposes Rs 1 cr fine on Lakshmi Vilas Bank, Rs 75 lakh on Syndicate Bank for violating norms
•The RBI action is based on the deficiencies in regulatory compliance
RBI rejects Indiabulls Housing-Lakshmi Vilas Bank merger, credit growth at a 22-month low; all this and more in MoneyControl Pro
Moneycontrol •When it came to a decision on the Lakshmi Vilas Bank-Indiabulls Housing Finance merger, it was always a lose-lose situation for the Reserve Bank of India.
With 'uncertainty' about Lakshmi Vilas Bank deal over now, it is business as usual with more agility, says Indiabulls MD Banga
•Entering the banking space would have given IBHFL access to cheap deposits and saved it from regular crises like being faced by the shadow banks now
Shares of Indiabulls Housing Finance, Lakshmi Vilas Bank hit 52-week lows after RBI rejected their merger proposal
•Shares of Indiabulls Housing Finance and Lakshmi Vilas Bank plummeted up to 20 percent on Thursday after the Reserve Bank of India rejected their merger proposal
Lakshmi Vilas Bank-Indiabulls Housing Finance proposed merger gets a clear No from Mint Road
Fp Staff •The application for the merger of Lakshmi Vilas Bank and India Bulls Housing Finance was made in May after both the parties agreed to the merger in April.
Lakshmi Vilas Bank independent director resigns citing personal reasons, move comes days after RBI action against lender
•Earlier this week on Monday, Indiabulls Housing Finance had said that the RBI's action against it would not impact its merger with Lakshmi Vilas Bank.
India's banking system safe and stable, no need to panic on basis of baseless rumours, RBI assures people
Fp Staff •This is for the second time in a week, the Reserve Bank of India (RBI) has come out with a statement assuring people about the stability of the country's banking system.
Lakshmi Vilas Bank shares drop 5% to hit lower circuit; Indiabulls Housing plunges over 30%
•Lakshmi Vilas Bank shares tumbled about 5 percent on Monday to hit its lower circuit limit after the Reserve Bank initiated a prompt corrective action plan against the lender due to high level of bad loans
Lakshmi Vilas Bank directors under probe for alleged Rs 790-cr fraud; Religare Finvest accuses them of misappropriating funds
•Indian police have opened a probe into the directors of Lakshmi Vilas Bank after a customer accused them of misappropriating funds, the bank said late on Thursday
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