RBI likely to retain interest rates on inflation concerns

The Reserve Bank is likely to keep the benchmark interest rates unchanged in its next monetary policy review in view of heightened retail inflation which has persistently remained above its comfort level, feel experts. Continue Reading

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 depositors need not worry: RBI-appointed administrator

The Reserve Bank of India (RBI) appointed administrator for Lakshmi Vilas Bank TN Manoharan has said that the lender has enough liquidity to pay back its depositors. Continue Reading

Lakshmi Vilas Bank: Is depositors’ money safe?

The Reserve Bank of India has placed ailing lender Lakshmi Vilas Bank (LVB) under moratorium citing mounting losses and rising bad loans. Continue Reading