The Central Bureau of Investigation (CBI) has registered two separate cases related to bank fraud to the tune of Rs. 7926.01 crore (approx) and Rs.313.79 crore (approx).
The bank has been prohibited from conducting the business of 'banking' which includes acceptance of deposits and repayment of deposits with immediate effect.
Lakshmi Vilas Bank Ltd. branches will operate as DBS Bank India Ltd. branches from November 27, 2020. The development has come hours after the Cabinet announced that it has approved the merger of Lakshmi Vilas Bank Ltd. with DBS India.
Days after a month long moratorium was imposed on the Tamil Nadu based Lakshmi Vilas Bank, the Union Cabinet on Wednesday approved the scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited.
DBS Bank on Wednesday said it has issued its first two green loans in India totalling Rs 1,050 crore to CapitaLand. DBS grows its sustainable financing footprint with maiden green loans in India totalling Rs 1,050 crore.
The Reserve Bank of India (RBI) has capped withdrawal limit at Rs 25,000 from Lakshmi Vilas Bank till December 16 due to its detoriating financial condition and safeguard the interest of its customers till a resolution is reached.
Madhya Pradesh man is doing his bit to impart education to underprivileged children with his sincere efforts in Jabalpur.
The Delhi Police Saturday arrested eight persons for cheating banks by getting credit cards on the basis of forged documents. The arrests were made by the Economic Offence Wing.
The RBI has informed the Supreme Court that it has asked the banks, and financial institutions as well as the non-banking financial institutions to take "necessary actions" to credit the accounts of eligible borrowers, by November 5, with the difference between compound and simple interest collected on loans of up to Rs 2 crore during the moratorium scheme.
Former chairman and CEO of the city-based Karnataka Bank, Ananthakrishna, died at a private hospital here on Sunday after a brief illness, family sources said. He was 74.
Even as shareholders of Lakshmi Vilas Bank voted out a majority of the board members, including promoter K.R. Pradeep, the voting pattern, as per the regulatory filing, shows some interesting aspects.
A thief accidentally killed himself by slashing his throat from the electric cutter he was using to rob a bank in Gujarat's Vadodara district. According to the police, the incident took place on the intervening night of Saturday and Sunday.
The incident was reported at the India Exchange Place branch of the Union Bank at 8.15 am and six fire tenders were rushed to the spot, the official said.
Bank employees' unions and the Indian Banks' Association (IBA) have reached an agreement for a 15 per cent annual hike in wages. The two parties also agreed for the introduction of Performance Linked Incentive (PLI). What you need to know.
In an unfortunate incident, a video of a woman dragging her mother on a cot to a bank in Odisha's Nuapada district surfaced recently. The woman was seen dragging her 100-year-old mother on a cot to a bank to withdraw her pension money allegedly after the bank asked for physical verification.
Over a hundred packets of gold items have allegedly gone missing from State Bank of India's (SBI) station road branch here, a police official saidon Friday.
The country's largest lender State Bank of India has invited applications from eligible candidates for the post of Chief Financial Officer (CFO) on contract basis at a salary package of Rs 1 crore, three times more than its chairman's.
Gross non-performing assets (NPAs) of banks are likely to worsen to 11.3-11.6 per cent by the end of this financial year from 8.6 per cent as of March 2020, due to disruptions caused by the coronavirus pandemic, according to a report.
A woman collapsed and died while waiting in the queue before a bank in Telangana on Friday to draw the Rs 1,500 financial assistance extended by the state government.
Several banks have cautioned their customers against possible attempts by fraudsters as they became active to exploit the three-month loan repayment moratorium offer in the wake of the coronavirus outbreak, officials said on Friday.
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