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.
If you want to change selection, open document below and click on "Move attachment"
Unknown titlekshmi Vilas Bank would keep ‘contagion at bay and help maintain stability’ in the banking system. The Reserve Bank has proposed merging Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd. (DBIL). <span>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 the deal was positive for India’s banking sector and would bring much-needed relief to LVB, which has been struggling for many years. The Reserve Bank had placed the privat Summary
| status | not read | | reprioritisations | |
|---|
| last reprioritisation on | | | suggested re-reading day | |
|---|
| started reading on | | | finished reading on | |
|---|
Details