Lakshmi Vilas Bank has enough liquidity to pay its depositors: RBI-appointed administrator TN Manoharan

Nov 18, 2020

New Delhi [India], November 18 : Trying to allay fears of Lakshmi Vilas Bank's (LVB) customers Reserve Bank of India (RBI) appointed administrator for...

Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank India Limited

Nov 25, 2020

New Delhi [India], November 25 : The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday gave its approval to the amalgamation of...

What Singapore analysts say about DBS takeover of Lakshmi Vilas Bank

Nov 23, 2020

Singapore, November 23 : Last week, news emerged that DBS Bank (DBS), Southeast Asia's largest lender, has proposed to fold Indian Bank Lakshmi Vilas...

RBI announces draft scheme to amalgamate Lakshmi Vilas Bank with DBIL

Nov 17, 2020

Mumbai (Maharashtra) [India], November 17 : The Reserve Bank of India (RBI) on Tuesday unveiled a draft scheme to amalgamate private sector lender Lakshmi...

Singapore's DBS Bank to focus on India and China for growth

Apr 05, 2021

Singapore, April 5, 2021 : Singapore's DBS Bank, which acquired India's Lakshmi Vilas Bank (LVB) last November, plans to accelerate its business by doubling...

RBI approves 3-member committee of directors to manage Lakshmi Vilas Bank

Sep 28, 2020

Mumbai (Maharashtra) [India], September 28 : The Reserve Bank of India (RBI) has approved a three-member committee of directors to run the day-to-day functioning...