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India

Lakshmi Vilas Bank Ltd (LVLS.NS)

LVLS.NS on National Stock Exchange of India

19.40INR
9:46am IST
Change (% chg)

Rs0.55 (+2.92%)
Prev Close
Rs18.85
Open
Rs18.90
Day's High
Rs19.75
Day's Low
Rs18.90
Volume
614,853
Avg. Vol
2,529,978
52-wk High
Rs97.40
52-wk Low
Rs13.35

Latest Key Developments (Source: Significant Developments)

Lakshmi Vilas Bank Says Will Continue To Work On Raising Capital After RBI's Decision On Merger
Thursday, 10 Oct 2019 

Oct 10 (Reuters) - Lakshmi Vilas Bank Ltd ::RBI'S DECISION "BRINGS AN END TO RECENT UNCERTAINTY"; BANK WILL CONTINUE TO WORK TOWARDS RAISING CAPITAL.WE ACKNOWLEDGE THE DECISION OF RESERVE BANK OF INDIA ON THE PROPOSED MERGER OF IBHF, CO.  Full Article

Indiabulls Says Will Focus On Growth, Continue Dividends After RBI Blocks Merger
Thursday, 10 Oct 2019 

BENGALURU, Oct 10 (Reuters) - Indiabulls Housing Finance Ltd ::NOW THAT MERGER WITH LAKSHMI VILAS BANK <<>> WON'T HAPPEN nL3N26U3HF, 'UNCERTAINTY' OF LAST FIVE MONTHS IS LIFTED.WILL FOCUS ON GROWTH OF CORE BUSINESS OF HOUSING FINANCE.WILL CONTINUE QUARTERLY DIVIDENDS GOING FORWARD.HAS NET WORTH OF ABOUT 190 BLN RUPEES, LIQUITIDY AND CASH BALANCES OF OVER 180 BLN RUPEES.  Full Article

Lakshmi Vilas Bank Says RBI Rejects Co's Merger With Indiabulls Housing Finance
Wednesday, 9 Oct 2019 

Oct 9 (Reuters) - Lakshmi Vilas Bank::RBI INFORMED THAT APPLICATION FOR MERGER OF INDIABULLS HOUSING FINANCE AND INDIABULLS COMMERCIAL CREDIT WITH CO CANNOT BE APPROVED.  Full Article

Lakshmi Vilas Bank Says Brickwork Ratings Downgraded Rating Of Co's Long Term Bonds
Wednesday, 9 Oct 2019 

Oct 9 (Reuters) - Lakshmi Vilas Bank Ltd ::BRICKWORK RATINGS DOWNGRADES RATING OF CO'S LONG TERM BONDS OF 505 MILLION RUPEES TO "BWR BB+" FROM "BWR BBB-".BRICKWORK CITES DOWNGRADE TO CLASSIFICATION OF BANK UNDER PROMPT CORRECTIVE ACTION FRAMEWORK BY THE REGULATOR.  Full Article

Talwalkars Healthclubs Defaults On Interest Payment On Loan From Lakshmi Vilas Bank
Friday, 4 Oct 2019 

Oct 4 (Reuters) - TALWALKARS HEALTHCLUBS LTD::DEFAULTS ON INTEREST PAYMENT OF 23.8 MILLION RUPEES ON LOAN FROM LAKSHMI VILAS BANK.COMPANY IS IN DISCUSSION WITH BANKERS TO RESTRUCTURE ITS DEBT OBLIGATIONS.  Full Article

Indiabulls Housing Finance Says CCI Gave Nod For Merger With Lakshmi Vilas Bank
Friday, 21 Jun 2019 

June 21 (Reuters) - Indiabulls Housing Finance Ltd ::CCI GAVE NOD FOR SCHEME OF AMALGAMATION OF CO AND INDIABULLS COMMERCIAL CREDIT INTO AND WITH LAKSHMI VILAS BANK.  Full Article

Lakshmi Vilas Bank Says Proposing To Make Preferential Issue Of Up To 4.99 Pct Of Post-Money Equity To Indiabulls Housing
Monday, 15 Apr 2019 

April 15 (Reuters) - Lakshmi Vilas Bank Ltd ::LAKSHMI VILAS BANK SAYS BANK IS PROPOSING TO MAKE PREFERENTIAL ALLOTMENT TO INDIABULLS HOUSING FINANCE TO EXTENT OF 4.99% OF BANK'S POST-MONEY EQUITY.SAYS IT IS EXPECTED THAT RELEVANT DATE COULD BE BY END OF APRIL 2019.  Full Article

Lakshmi Vilas Bank Keeps 1-Year MCLR Unchanged
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Lakshmi Vilas Bank Ltd ::KEEPS 1-YEAR MCLR UNCHANGED.  Full Article

India's Lakshmi Vilas Bank Dec Qtr Net Loss Widens
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Lakshmi Vilas Bank Ltd ::DEC QUARTER NET LOSS 3.73 BILLION RUPEES VERSUS LOSS OF 392.3 MILLION RUPEES LAST YEAR.DEC QUARTER INTEREST EARNED 7.01 BILLION RUPEES VERSUS 7.90 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS AND CONTINGENCIES 4.31 BILLION RUPEES VERSUS 853.5 MILLION RUPEES LAST YEAR.DEC QUARTER GROSS NPA 13.95 PERCENT VERSUS 12.31 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 7.64 PERCENT VERSUS 6.88 PERCENT PREVIOUS QUARTER.  Full Article

Lakshmi Vilas Bank Says Sept Qtr NIM At 1.74 Pct
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Lakshmi Vilas Bank Ltd ::NET INTEREST MARGIN AT 1.74 PERCENT FOR Q2.BANK HAS REDUCED EXPOSURE IN INFRA/NBFC/REAL ESTATE SECTORS BY 18 BILLION RUPEES.  Full Article

Deals of the day-Mergers and acquisitions

Oct 9 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: