In Karur, which is the registered headquarters of Lakshmi Vilas Bank, the staff received police protection after depositors went unruly following moratorium imposed by RBI.
Employees of Lakshmi Vilas Bank want RBI to amalgamate the sick bank with an Indian PSU. They also fear DBS may shut down many branches of LVB.
DBS Group gets to speed up its expansion plans in India through takeover of Lakshmi Vilas Bank but matching the business cultures of the two banks could be challenging.
RBI's assurance comes after one-month moratorium unleashes panic among depositors who flocked to LVB branches to withdraw money.
Merger to help DBS add new retail and small and medium sized customers. Bank's customer deposits and net loans to increase by about 50%-70% following the merger, Moody's said.
RBI proposes merger of Lakshmi Vilas Bank with DBS as the troubled bank had no credible revival plan; DBS to bring in equity of Rs 2,500 cr.
ICICI Bank takes 4 years to grow the mortgage loan portfolio from Rs 1 trillion to Rs 2 trillion. Growth is aided by the bank's expansion in Tier II, III and IV cities, says ED Anup Bagchi.
RBI deputy governor Rajeshwar Rao called for a calibrated and graded regulatory framework for NBFCs.
Union Bank of India’s fiscal second quarter net profit jumped 55.3% to Rs 517 crore. In the year ago period, the bank had reported a net profit of Rs 333 crore.
Bank of India Q2 Bank of India has posted over two-fold jump in consolidated net profit to Rs 543.47 crore for the September quarter as bad loans came down
SBI's advances up 6% YoY to Rs 23.83 lakh crore, with retail growing 14.55%. Around Rs 60,000 crore could likely go into slippages & restructuring at end of FY21.
HDFC Bank saw its advances grow 10% from the year-ago period to Rs 5.4 lakh crore. Individual home loans grew 9% and non-individual loans by 13%.
In exactly two years after Sandeep Bakshi took over as CEO, ICICI Bank posts highest quarterly profit of Rs 4,251 cr amid good growth in advances, better asset management and lower tax outgo.
Jio Payments Bank to cough up Rs 1 cr for non-compliance with RBI directions on timely submission of application of re-appointment of its MD & CEO.
