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Indian-Origin Singapore Man Jailed For Obtaining Colleagues' Salary Info
A 35-year-old Indian origin officer with Singapore's Ministry of Manpower was jailed for five weeks on Thursday for having asked an ex-colleague from DBS Bank to access the salary information of his colleagues
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Robust Growth Gives RBI Room For More Rate Hikes: Report
The strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out high inflation, DBS Group Research said in a note on Thursday.
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LPG Cylinder Price, Banking Rules: Big Changes In March
The final month of the current financial year has started. On the first day of March, several changes have come into effect which will affect the day-to-day lives of people. Among the important changes is revision in the price of commercial LPG cylinders.
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Lakshmi Vilas Bank To Write Off Rs 318 Crore Debt Ahead Of DBS Merger
The Reserve Bank of India, which orchestrated the rescue, "has advised the need to fully write down" the tier-2 debt, Lakshmi Vilas Bank said in an exchange filing Thursday.
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Latest Updates On Lakshmi Vilas Bank Merger: 10 Things To Know
This week, the government approved the merger of crisis-hit Lakshmi Vilas Bank into DBS Bank India, a unit of Southeast Asia's largest lender, DBS. Lakshmi Vilas Bank (LVB) will now operate as DBS Bank India, with restrictions on withdrawals from its customers' accounts now lifted. The development comes days after withdrawals from Lakshmi Vilas Ban...
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Stocks To Watch In Trade Today: Lakshmi Vilas Bank, Laurus Labs
Lakshmi Vilas Bank shares will be in focus after the government, on Wednesday, approved the merger of Lakshmi Vilas Bank with DBS Bank India
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Lakshmi Vilas Bank To Operate Branches As DBS Bank India From Friday
The RBI's move came after the Union Cabinet earlier in the day approved the merger of Lakshmi Vilas Bank (LVB) with DBS India
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Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India Cleared By Cabinet
Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.
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Lakshmi Vilas Bank-DBS Bank Deal: Here Is All You Need to Know
LVB-DBS Deal: According to the RBI's plan, the well-capitalised DBS Bank India will bring in additional capital of Rs 2,500 crore upfront.
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Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...
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Laxmi Vilas Bank Rescue Gets Underway With Withdrawal Cap, Merger Plan
The government initiated the process of rescuing the beleaguered Lakshmi Vilas Bank (LVB) on Tuesday by placing it under a moratorium for one month, and capping withdrawals from its customers' accounts at Rs 25,000 a month. The move to freeze the bank accounts was in view of the Tamil Nadu-based private sector lender's deteriorating financial healt...
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RBI To Fold Lakshmi Vilas Bank Into Arm Of Singapore's DBS
RBI also said in a statement it had temporarily capped withdrawals from Lakshmi Vilas, which had been locked in protracted talks with Clix Capital, at Rs 25,000
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DBS Bank To Enter India's Credit Card Market In 2020
The latest data from May showed 48.9 million credit card users in the country, compared with some 825 million with debit cards.
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Indian In Singapore Given "Stern Warning" For Posting Image Of Torn Flag
An Indian in Singapore has been reprimanded by the police for posting on Facebook, an image of the country's torn flag to reveal the Indian flag underneath, a media report said Wednesday.
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As Rupee Dives To Record Low, How RBI May Tackle Crisis
Pressure is mounting on Reserve Bank of India to take stronger action to stem rupee's slide.
-
Indian-Origin Singapore Man Jailed For Obtaining Colleagues' Salary Info
A 35-year-old Indian origin officer with Singapore's Ministry of Manpower was jailed for five weeks on Thursday for having asked an ex-colleague from DBS Bank to access the salary information of his colleagues
-
Robust Growth Gives RBI Room For More Rate Hikes: Report
The strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out high inflation, DBS Group Research said in a note on Thursday.
-
LPG Cylinder Price, Banking Rules: Big Changes In March
The final month of the current financial year has started. On the first day of March, several changes have come into effect which will affect the day-to-day lives of people. Among the important changes is revision in the price of commercial LPG cylinders.
-
Lakshmi Vilas Bank To Write Off Rs 318 Crore Debt Ahead Of DBS Merger
The Reserve Bank of India, which orchestrated the rescue, "has advised the need to fully write down" the tier-2 debt, Lakshmi Vilas Bank said in an exchange filing Thursday.
-
Latest Updates On Lakshmi Vilas Bank Merger: 10 Things To Know
This week, the government approved the merger of crisis-hit Lakshmi Vilas Bank into DBS Bank India, a unit of Southeast Asia's largest lender, DBS. Lakshmi Vilas Bank (LVB) will now operate as DBS Bank India, with restrictions on withdrawals from its customers' accounts now lifted. The development comes days after withdrawals from Lakshmi Vilas Ban...
-
Stocks To Watch In Trade Today: Lakshmi Vilas Bank, Laurus Labs
Lakshmi Vilas Bank shares will be in focus after the government, on Wednesday, approved the merger of Lakshmi Vilas Bank with DBS Bank India
-
Lakshmi Vilas Bank To Operate Branches As DBS Bank India From Friday
The RBI's move came after the Union Cabinet earlier in the day approved the merger of Lakshmi Vilas Bank (LVB) with DBS India
-
Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India Cleared By Cabinet
Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.
-
Lakshmi Vilas Bank-DBS Bank Deal: Here Is All You Need to Know
LVB-DBS Deal: According to the RBI's plan, the well-capitalised DBS Bank India will bring in additional capital of Rs 2,500 crore upfront.
-
Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...
-
Laxmi Vilas Bank Rescue Gets Underway With Withdrawal Cap, Merger Plan
The government initiated the process of rescuing the beleaguered Lakshmi Vilas Bank (LVB) on Tuesday by placing it under a moratorium for one month, and capping withdrawals from its customers' accounts at Rs 25,000 a month. The move to freeze the bank accounts was in view of the Tamil Nadu-based private sector lender's deteriorating financial healt...
-
RBI To Fold Lakshmi Vilas Bank Into Arm Of Singapore's DBS
RBI also said in a statement it had temporarily capped withdrawals from Lakshmi Vilas, which had been locked in protracted talks with Clix Capital, at Rs 25,000
-
DBS Bank To Enter India's Credit Card Market In 2020
The latest data from May showed 48.9 million credit card users in the country, compared with some 825 million with debit cards.
-
Indian In Singapore Given "Stern Warning" For Posting Image Of Torn Flag
An Indian in Singapore has been reprimanded by the police for posting on Facebook, an image of the country's torn flag to reveal the Indian flag underneath, a media report said Wednesday.
-
As Rupee Dives To Record Low, How RBI May Tackle Crisis
Pressure is mounting on Reserve Bank of India to take stronger action to stem rupee's slide.
