LVB will cease to exist from 27 November

From 27 November, the 94-year-old Karur-headquartered Lakshmi Vilas Bank (LVB) will cease to exist officially and be amalgamated with DBS Bank India Ltd, a subsidiary of DBS Bank, Singapore. Continue Reading

LVB resolution: RBI delays final merger scheme

The Reserve Bank of India did not issue the final merger scheme for Lakshmi Vilas Bank (LVB) with DBS India on Friday as stated earlier and is likely to do so only next week, according to a central bank official. Continue Reading

Lakshmi Vilas Bank biz drops by a per cent

Gross advances of the bank stood at Rs 24,123 crore as against Rs 25,231 crore, a y-o-y decline of 4.39 per cent, a release stated. Total deposits rose from Rs 30,620 crore to Rs 30,787 crore, registering y-o-y growth of 0.55 per cent. Continue Reading