Thursday, 26 May, 2022
TopicLakshmi Vilas Bank

Topic: Lakshmi Vilas Bank

After Lakshmi Vilas Bank, Dhanlaxmi faces management crisis as shareholders reject new CEO

During Dhanlaxmi bank’s 93rd annual general meeting, 90.49 per cent of the total valid votes were polled against Sunil Gurbaxani's appointment as MD and CEO of the bank.

Yet another private lender in crisis, but a rescue mission is on track at Lakshmi Vilas Bank

In the last week, cash-strapped Lakshmi Vilas Bank has seen shareholders vote out its top management, raising concerns over the proposed merger deal with Clix Capital.

RBI rejects proposed merger of Indiabulls and Lakshmi Vilas Bank

Lakshmi Vilas Bank was recently placed under Prompt Corrective Action due to high level of bad loans & negative return on assets for two consecutive years.

Indiabulls’ shares drop record 38% after RBI places restrictions on Lakshmi Vilas Bank

Indiabulls is also in legal hot water after the Delhi High Court agreed to hear a petition to investigate the company over allegations that it gave out “dubious loans”.

On Camera

YourTurn

Representational image of dal and roti | Photo Pixahive/CC0

Feeding world must take backseat, Modi govt should deal with India’s ‘chapati’ crisis first

German agriculture minister Cem Ozdemir said imposing export restrictions or closing markets would worsen the crisis. Actually, the opposite might be true.
A petrol pump staffer refills fuel in a two-wheeler in New Delhi, on 29 March 2022 | ANI photo

Modi govt won’t borrow extra this year to fund tax cuts, inflation target to stay at 4%

The cut in excise duty last week, coupled with an increase in fertiliser and food subsidies, is expected to cost the exchequer around Rs 3 lakh crore in the current financial year.

Defence

Naval helicopters | Representational image | indiannavy.nic.in

What’s Combined Military Forces-Bahrain? US-backed coalition India joined on Quad sidelines

India is 35th member of the maritime counterterrorism partnership that also includes Pakistan, Australia, Bahrain, Denmark, Egypt, France, Germany and Greece, among others.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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