Tag Archives: Merger of LVB with DBS Bank

The Union Cabinet on Wednesday approved the merger of Lakshmi Vilas Bank (LVB), which suffers from capital shortages, with DBS Bank India. The Reserve Bank of India proposed on November 17 to merge the 94-year-old lender with the Indian branch of DBS Bank of Singapore. As part of the merger, …

Merger of Lakshmi Vilas and DBS Bank: the government had started the process to rescue LVB on Tuesday The cabinet on Wednesday approved the merger of Lakshmi Vilas Bank (LVB) with DBS India, which is the wholly owned subsidiary of DBS Bank. “The rapid merger and resolution of stress in …