November 22, 2024 12:10 (IST)
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Lakshmi Vilas Bank amalgamated with DBS Bank India Limited

Lakshmi Vilas Bank amalgamated with DBS Bank India Limited

Mumbai/IBNS: The crisis-hit Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of DBS Group Holdings Ltd.

Lakshmi Vilas Bank to merge with DBS Bank, to become DBS Bank India from Nov 27

Lakshmi Vilas Bank to merge with DBS Bank, to become DBS Bank India from Nov 27

Mumbai/IBNS: The Reserve Bank of India (RBI) has notified that the crisis-stricken Lakshmi Vilas Bank (LVB) will be merged with the Indian arm of Singapore-based DBS Bank on Friday (Nov 27), after which all restrictions, including cap on withdrawal of Rs 25,000.

Cabinet approves scheme of amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited

Cabinet approves scheme of amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited

New Delhi: The Union Cabinet, chaired by the Prime Minister Narendra Modi has given its approval to the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).