"lakshmi-vilas-bank"

The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation

Amalgamation provides stability and better prospects to LVB's depositors, customers and employees following a period of uncertainty

During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument called additional tier-I bonds

The 94-year-old Lakshmi Vilas Bank (LVB) was profitable for 90 years and that the bank has been incurring losses for the past three years only, the association said

The government has placed Lakshmi Vilas Bank (LVB) under one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.

He said the RBI should have called for bids from interested parties

On Tuesday, the government placed Lakshmi Vilas Bank under a one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.

Collapsing banks points to lack of proper supervision by RBI and oversight by Finance Ministry

S&P said this deal is positive for India's banking sector and will bring much-needed relief to LVB, which has been struggling for many years

On Tuesday, the government placed Lakshmi Vilas Bank under a one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.

Says central bank need not give LVB free of cost to DBS Bank

A moratorium has been imposed on the bank and cash withdrawals have been capped at Rs 25,000 per account.

On Tuesday, the government placed Lakshmi Vilas Bank under a one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.

Bank, which has been on the lookout for an investor and capital for long, was jolted on September 25 when its shareholders voted out seven directors of its board, including CEO S Sundar