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The Reserve Bank has proposed merging Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd. (DBIL).
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n Thursday said the Reserve Bank of India’s ‘swift’ move to help resolve the woes of troubled Lakshmi Vilas Bank would keep ‘contagion at bay and help maintain stability’ in the banking system. <span>The Reserve Bank has proposed merging Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd. (DBIL). As part of the proposal, DBIL, the wholly owned subsidiary of Singapore-based DBS Bank, will inject ₹2,500 crore into the merged entity to support its financial position. S&P said t


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