Tag Archives: Lakshmi Bank

Written by George Mathew, Sunny Verma | Mumbai, New Delhi | Updated: November 19, 2020 8:01:05 am A Lakshmi Vilas Bank ATM in Mumbai on Wednesday. (Express photo: Narendra Vaskar) After the bankruptcies of IL&FS, Punjab & Maharashtra Cooperative Bank and DHFL, and the rescue of Yes Bank, the decision …

The Reserve Bank of India (RBI) proposed on Tuesday to merge private sector lender Lakshmi Vilas Bank (LVB) with the Indian subsidiary of DBS Bank of Singapore, even as LVB was put in default for at least a month for the government. This is a draft proposed merger, and the …