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Lakshmi Vilas Bank

Surojit Shome, MD and CEO of DBS Bank India, said having crossed the Rs one trillion business (deposit and loans) mark in September, the bank is looking to grow 3x in five years

Updated On: 28 Dec 2022 | 10:10 PM IST
Bs_logoPost-LVB integration, DBS aiming to treble growth in 5 years: MD & CEO

Lender's amalgamation with Lakshmi Vilas Bank expanded its reach in South India

Updated On: 03 Nov 2022 | 2:59 PM IST
Bs_logoDBS Bank India seeks three-fold jump in gold loan portfolio in 5 yrs: Exec

It was the second-best quarter in the bank's history and net profit was 30% higher compared with the previous quarter, and higher than the average estimate of SGD 1.63 billion from six analysts polled

Updated On: 02 May 2022 | 9:59 AM IST
Bs_logoDBS reports lower Q1 profits; partners Indian startups to lift business

Following the amalgamation with DBIL, the IFSC & MICR codes of all branches of erstwhile LVB have changed. While the new codes have been active since October 25, 2021, the older IFSC codes will remain valid until February 28, 2022, to ensure customers' convenience and ease of transition. Customers will be required to use the new DBS IFSC code from March 1, 2022, onwards to receive funds through NEFT/RTGS/IMPS.The change was communicated to customers through physical letters, emails, and SMS as well as at the branches. They were requested to share the new IFSC code with business partners, associates and vendors to update their records, recurring payments and receivables well in time. All existing cheques issued to the third party will have to be replaced with new cheques before February 28, 2022. Any cheque with old MICR codes presented after the aforementioned date will not be honoured.New cheque books (with new MICR code) have been available since 1st November 2021. Customers ..

Updated On: 25 Feb 2022 | 3:52 PM IST
Bs_logoDBS Bank India migrates to new IFSC and MICR codes of erstwhile LVB

Asset quality under pressure on LVB acquisition

Updated On: 09 Jul 2021 | 12:28 AM IST
Bs_logoDBS Bank India FY21 nearly triples to Rs 312 cr, revenue up 85%

In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year

Updated On: 19 Jun 2021 | 12:51 AM IST
Bs_logoRBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra

The firm is reaching out to shareholders again in this issue after they voted against Ghosh earlier

Updated On: 30 Apr 2021 | 11:58 PM IST

Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer

Updated On: 21 Feb 2021 | 8:14 PM IST

DBS's Lakshmi Vilas acquisition was the first time the Reserve Bank of India turned to a foreign lender to bail out a local bank

Updated On: 20 Feb 2021 | 11:10 AM IST

A plea in the Delhi High Court has challenged the scheme of amalgamation of Lakshmi Vilas Bank with Development Bank of Singapore (DBS), contending that its shareholders have been "left in the lurch"

Updated On: 17 Jan 2021 | 3:35 PM IST

Move follows a November 25 gazette notification to this effect, issued by Department of Financial Services, Ministry of Finance

Updated On: 17 Dec 2020 | 12:46 AM IST

Currently petitions challenging the merger were filed in four different high courts in the country

Updated On: 14 Dec 2020 | 4:17 PM IST

PEs have deep pockets with the ability to recapitalise the bank as and when needed

Updated On: 09 Dec 2020 | 6:10 AM IST

Says Covid vaccines aren't likely to reach majority even in a year, Cautions against weak balance sheets, challenges in financial sector

Updated On: 08 Dec 2020 | 11:44 PM IST

Ad banner carrying DBS Bank's brand ambassador Sachin Tendulkar to spread awareness

Updated On: 08 Dec 2020 | 12:21 AM IST

If shareholders can throw the chairman and MD out, where is the sanctity of the RBI approval for such appointments?

Updated On: 06 Dec 2020 | 11:25 PM IST

The scheme of amalgamation came into effect on November 27, 2020.

Updated On: 04 Dec 2020 | 10:02 PM IST

The BJP member also sought to put the LVB-DBS merger on hold in order to facilitate a forensic audit of the takeover of the assets of LVB by DBS.

Updated On: 04 Dec 2020 | 12:56 AM IST

Based on an exchange's surveillance report, the regulator is examining trading in the scrip between 2018 and 2019

Updated On: 02 Dec 2020 | 11:37 PM IST

The amalgamation of Lakshmi Vilas Bank into DBS Bank India came into effect from November 27

Updated On: 30 Nov 2020 | 10:58 PM IST