Karvy Group announces corporate restructuring after SEBI action; non-financial businesses to be housed in separate arm
Securities held by KSBL were used by the brokerage for borrowing from the lenders courtesy the PoA.
Dhanlaxmi Bank stocks jump 5% after profit rises two-fold in September quarter, improvement in asset quality
Dhanlaxmi Bank on Thursday reported nearly two-fold rise in its net profit at Rs 22.07 crore for the second quarter ended on 30 September, as bad loan ratio came down.
Appointment of former RBI deputy governor R Gandhi to Yes Bank board may be precautionary: Macquarie
Earlier this week, the Reserve Bank of India (RBI) appointed former Deputy Governor R Gandhi as an additional director to the board of Yes Bank
Shares of Corporation Bank, Allahabad Bank and Dhanlaxmi Bank rose sharply by up to 10.10 percent Wednesday after the RBI lifted lending curbs on these lenders by removing them from its weak-bank watchlist
The RBI on Tuesday lifted lending curbs on two more public sector banks (PSBs), Allahabad Bank and Corporation Bank, by removing them from its weak-bank watch list
Private sector lender Dhanlaxmi Bank on Thursday said the RBI has asked it to keep in abeyance, till further advice, the appointment of non-independent director Arun Rao M.G
In terms of the quantum, Punjab National Bank (PNB) had reported the highest amount of frauds at Rs 2,810 crore in the last financial year, followed by Bank of India at Rs 2,770 crore, State Bank of India at Rs 2,420 crore and Bank of Maharashtra at Rs 2,041 crore
RBI further said that "this action" is based on deficiencies in regulatory compliance and is "not intended" to pronounce upon the validity of any transaction or agreement entered into by the bank and its customers.
Dhanlaxmi Bank today posted a net profit of Rs 17.10 crore for the third quarter ended 31 December 2014 despite a rise in bad loans.
Shares in India's smaller private sector banks gained on hopes the banking amendment bill approved by parliament on Tuesday will spark consolidation in the sector.
If you (depositor) are worried about the safety of funds with banks, or just curious to know how safe your deposits are with the bank, read on.
The employee union also allege that the former managing director has withdrawn his family deposit from the bank.
Chaturvedi quit on Monday, following alleged differences with the bank's board on a range of issues relating to business strategy.
Dhanlaxmi Bank confirmed the resignation of its managing director Amitabh Chaturvedi, who has been responsible for the sharp growth in the bank.
The private sector bank with a strong regional footprint has been on the upscale for a while attracting many banking industry stalwarts into its fold, the latest being the announcement of Joginder Singh Rana as its Chief Operations Officer (COO).