Laxmi Vilas Bank News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cleared all debts, repaid Rs 9,000 cr to banks: Religare

The company was put under Corrective Action Plan (CAP) by the Reserve Bank of India (RBI) in January 2018. The company also completed its one-time settlement (OTS) with its 17 lenders in March 2023 using organic collections.

Laxmi vilas bankSmall enterpriseCorrective action planReserve bankUpside sharing agreementEl debtsDabur groupReligare finvest ltdEl legacy issuesNdian express news

HC sets aside single judge order staying Karvy group assets attachment

HC sets aside single judge order staying Karvy group assets attachment
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

Andhra pradeshJustice alok aradheKumar jukantiSupreme courtKarvy groupTelangana high court onLaxmi vilas bankEd adjudicating authorityTelangana high courtMoney launderingChief justice alok aradheJustice anil kumar jukantiEnforcement case information reportChief justiceHigh courts

Religare appoints agency to investigate fund diversion

The Competition Commission of India and market regulator SEBI have reportedly sought details from Religare about the role of the Burman family, promoters of Dabur, in the company and its open offer plans.

Lakshmi vilas bankLaxmi vilas bankCompetition commission of indiaUpside sharing agreementCorrective action planReserve bankCompetition commissionReligare finvest limitedFl appoints expert agencyIphoning off of fundsForensic investigationStock exchangeUpside sharing agreementLakshmi vilas bankOne time settlementNdian express news

Religare Finvest engages external agency to investigate siphoning of funds by erstwhile promoters

Religare Finvest engages external agency to investigate siphoning of funds by erstwhile promoters
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Religare finvestReligare enterprises ltdLaxmi vilas bankLakshmi vilas bankReligare finvest ltdCorporate loan bookUpside sharing agreement

If you hold FDs in two merging banks the insurance of your deposits may halve post-merger

It is quite a big task when two banks are being merged either forcibly or voluntarily. There has been few cases of bank mergers in India and some of them were due to Reserve Bank of India s direction and some were due to business needs. Regardless of the reason of merger, the deposit insurance amount would get impacted once the merger between two or more banks happen.

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