Lakshmi Vilas Bank placed under Moratorium

154°
Missing
Deal Cadet
223
463
10

Lakshmi Vilas Bank goes under moratorium.

Breaking News | Govt brings #LakshmiVilasBank under moratorium with effect from 6 pm today until December 16. Withdrawals capped at Rs 25,000 per borrower during moratorium.

The Lakshmi Vilas Bank: RBI announces Draft Scheme of Amalgamation with DBSBankIndia.

35 Comments  |  
12 Dimers
Missing
Deal Subedar
76
2207
12

Another India shining example of our robust banking 🏦 system and pro-active management 😅

+🔥 and ✝️ Karma given for dp name he’s much better than kohli goli 💊😛

Missing
Deal Cadet
223
463
10

I think once it gets amalgamated with DBS everyone will get their money back. Not sure of shares though…Yes bank had 3 year lockin..

Missing
Deal Subedar
291
2146
14
dhinchakrohit wrote:

I think once it gets amalgamated with DBS everyone will get their money back. Not sure of shares though…Yes bank had 3 year lockin..

Can u share the full story pls

Missing
Deal Cadet
223
463
10

UPDATE:

SHAREHOLDERS BEWARE….VALUE IS ZERO NOW.

DEPOSITORS DONT WORRYYOU WILL GET ALL MONEY BACK ONCE MORATORIUM ENDS.

Missing
Deal Cadet
50
381
2

ha ha . .. where gone the fans of private banks now?

Missing
Deal Subedar
109
1228
16

Shareholders lost all money

Missing
Deal Cadet
223
463
10
demerius2020 wrote:

ha ha . .. where gone the fans of private banks now?

Do u mean to say all pvt banks are same?

Missing
Deal Cadet
62
627
4
dhinchakrohit wrote:

UPDATE:

SHAREHOLDERS BEWARE….VALUE IS ZERO NOW.

DEPOSITORS DONT WORRYYOU WILL GET ALL MONEY BACK ONCE MORATORIUM ENDS.

Easier said than done bro. Fd etc, this bank had good fd rates, have also kinda become useless now. Plus noone knows when the moratorium will end. Google pmc bank.
Chutiya bna diya hai desh ko in sarkaro ne. Sabhi ko banking license de dena bad mein moratorium lga dena.

Missing
Deal Cadet
223
463
10
Expand
billubakra wrote:

Easier said than done bro. Fd etc, this bank had good fd rates, have also kinda become useless now. Plus noone knows when the moratorium will end. Google pmc bank.
Chutiya bna diya hai desh ko in sarkaro ne. Sabhi ko banking license de dena bad mein moratorium lga dena.

Please read Gazette copy released By Govt today. Most of the things are clarified.

Missing
Deal Cadet
62
627
4

Anyway to find list of banks under Reserve Bank’s Prompt Corrective Action (PCA) ?

Missing
Deal Cadet
223
463
10
Expand
billubakra wrote:

Easier said than done bro. Fd etc, this bank had good fd rates, have also kinda become useless now. Plus noone knows when the moratorium will end. Google pmc bank.
Chutiya bna diya hai desh ko in sarkaro ne. Sabhi ko banking license de dena bad mein moratorium lga dena.

Loan govt ko puch ke diye the kya inn banks ne??

Driving license de diya aur accident ho gaya to kiski galti hoti hai?

Missing
Deal Subedar
191
1158
20
Expand
dhinchakrohit wrote:

Loan govt ko puch ke diye the kya inn banks ne??

Driving license de diya aur accident ho gaya to kiski galti hoti hai?

Road maintenance aur traffic regulation+monitoring se 99% accidents avert hosakte hai.

Missing
Deal Cadet
162
674
4

Why is dbs merging with such a poor bank?

Missing
Deal Cadet
223
463
10
deathheater wrote:

Why is dbs merging with such a poor bank?

Dbs will get established branch network

Missing
Blogger
277
5799
97
deathheater wrote:

Why is dbs merging with such a poor bank?

They are getting a fully operational bank for 2500 crores probably (equity is being written off as per the notification). They might see value in it to expand their banking business in India without having to start from zero.

Missing
Deal Cadet
223
463
10
Expand
F7-Dimer-Primer wrote:

Road maintenance aur traffic regulation+monitoring se 99% accidents avert hosakte hai.

Traffic rules tod denge aur kahenge accident ho gaya?

Missing
Deal Lieutenant
228
6953
104
Expand
billubakra wrote:

Easier said than done bro. Fd etc, this bank had good fd rates, have also kinda become useless now. Plus noone knows when the moratorium will end. Google pmc bank.
Chutiya bna diya hai desh ko in sarkaro ne. Sabhi ko banking license de dena bad mein moratorium lga dena.

It’s a scheduled commercial bank bhau. PMC bank is a cooperative bank. Difference is there. People ll get their money back in case of LVB. 🙂🙂🙂

Missing
Deal Cadet
62
627
4
Expand
dhinchakrohit wrote:

Please read Gazette copy released By Govt today. Most of the things are clarified.

Please stop believing whatever the goberment is telling you.
They also said pmc depositors will get their money back in within 45 days. Many many people have committed suicides in the last more than 2 years.

Missing
Deal Cadet
62
627
4
Expand
bikidas2060 wrote:

It’s a scheduled commercial bank bhau. PMC bank is a cooperative bank. Difference is there. People ll get their money back in case of LVB. 🙂🙂🙂

They will. But not in the timeframe mentioned by the goberment.
And why does rbi allow these cooperative banks to run if they are not gonna save them?

Missing
Deal Lieutenant
228
6953
104
Expand
billubakra wrote:

They will. But not in the timeframe mentioned by the goberment.
And why does rbi allow these cooperative banks to run if they are not gonna save them?

Financial inclusion bro.

Missing
Deal Cadet
62
627
4
Expand
dhinchakrohit wrote:

Loan govt ko puch ke diye the kya inn banks ne??

Driving license de diya aur accident ho gaya to kiski galti hoti hai?

From a retail customer’s pov, what you are saying doesn’t make sense.

Missing
Deal Cadet
62
627
4
Expand
F7-Dimer-Primer wrote:

Road maintenance aur traffic regulation+monitoring se 99% accidents avert hosakte hai.

Would like to add one thing, the goberment charges road tax/dto charges whenever we purchase any vehicle. Atleast in my city there are no roads, only dust and potholes and it is an urban area.

Missing
Deal Cadet
181
740
6
Expand
billubakra wrote:

Bro that article is about lvb. Where is the bank’s list on the PCA? Sorry if I missed something.

Little below in the second info pic on what is PCA and the banks currently under PCA.

Missing
Deal Cadet
62
627
4
Expand
bikidas2060 wrote:

Financial inclusion bro.

Current banks are more than enough. Private banks are in every rural city. They should not give licenses to everyone or should stand with the taxpayers.

Missing
Deal Cadet
62
627
4
Expand
MTRIP wrote:

Little below in the second info pic on what is PCA and the banks currently under PCA.

Thanks bro. Why isn’t RBI keeping an updated list on their website so that customers are aware?

Missing