 "What is the Lakshmi Vilas Bank (LVB) crisis?")
Lakshmi Vilas Bank crisis
What is the Lakshmi Vilas Bank (LVB) crisis?
In the past two years, India has seen some major disruptions in the banking sector. After the PMC Bank debacle and YES Bank crisis, Lakshmi Vilas Bank's future also seems to be in jeopardy. Founded in 1926 by a group of businessmen under the leadership of VSN Ramalinga Chettiar to aid small businesses, LVB later turned its focus from SMEs to large businesses. And that led to its downfall.
What is happening at Lakshmi Vilas Bank currently?
The Reserve Bank of India on October 17, 2020, seized control of a struggling Lakshmi Vilas Bank and forced its merger with the local
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Latest Updates on Lakshmi Vilas Bank crisis
Latest News LIVE: SC adjourns hearing on loan moratorium case to Dec 2
Stay tuned for Latest LIVE news live updates.
 "Latest News LIVE: SC adjourns hearing on loan moratorium case to Dec 2")
Rating agencies upbeat on cash-starved Lakshmi Vilas Bank merger with DBS
This deal is positive for India's banking sector and will bring much-needed relief to LVB, which has been struggling for many years, S&P said in a statement
 "Rating agencies upbeat on cash-starved Lakshmi Vilas Bank merger with DBS")
Lakshmi Vilas Bank depositor? Spread deposits across banks to lower risks
If you hold an account at Lakshmi Vilas Bank, which has been placed under a moratorium restricting withdrawal of more than Rs 25,000, you must have many queries. We try to answer some of them.
 "Lakshmi Vilas Bank depositor? Spread deposits across banks to lower risks")
LVB shareholders to ask RBI to reconsider stand on merger with DBS
The window to make representations to RBI from all manner of stakeholders ends on November 20
 "LVB shareholders to ask RBI to reconsider stand on merger with DBS")
Clix getting controlling stake after merger with LVB may have hurt deal
AION Capital-backed NBFC rues delays, missed opportunity in failed deal; sources say it was about to revise offer, but the Reserve Bank ran out of patience
 "Clix getting controlling stake after merger with LVB may have hurt deal")
The rescue act
LVB's bailout plan could have come earlier
Merging troubled LVB will boost DBS's retail biz in India: Moody's
The merger will not alter DBS group's credit profile and the effect on its capital will be immaterial
LVB a strategic asset, must not be handed over 'free of cost': Promoter
K R Pradeep, one of the 25 promoters of LVB, said that RBI should revisit the troubled lender's valuation
There is no need to panic, depositors' money safe: LVB administrator
ATMs to be operational from today
 "There is no need to panic, depositors' money safe: LVB administrator")
The crisis at Lakshmi Vilas Bank and how does it impact you? Explained
In this podcast, Business Standard's T E Narasimhan explains how does the crisis at Lakshmi Vilas Bank impact customers, will LVB's shareholders get anything, are jobs in LVB at stake and more
Lakshmi Vilas Bk hits 20% lower circuit after govt puts it under moratorium
The Reserve Bank of India (RBI) on Tuesday proposed to merge LVB with the India subsidiary of Singapore's DBS Bank
 "Lakshmi Vilas Bk hits 20% lower circuit after govt puts it under moratorium")
Bank Employees' Association wants LVB to be merged with a PSU bank
RBI's role should be thoroughly probed, says AIBEA
Merger talks with Clix on track, says LVB even as losses widen in Q2
Auditors issue qualified report citing precarious capital position
Lakshmi Vilas Bank may decide on proposed merger with Clix on Saturday
On September 29, Business Standard had reported that Clix Capital would seek indemnity for its directors from litigation if the merger were to go through
 "Lakshmi Vilas Bank may decide on proposed merger with Clix on Saturday")
