Merger of LVB DBS | Lakshmi Vilas Bank: Cabinet approves DBS acquisition of Lakshmi Vilas Bank
That Cabinet are you okay DBS India’s rescue of Lakshmi Vilas Bank. Following the approval, DBS Group Holdings – Singapore’s largest bank – takes over Lakshmi Vilas Bank in an agreement pushed by RBI. This also marks the first time India has approached a foreign entity to rescue a struggling domestic bank. Lakshmi Vilas is …