Wednesday, November 25, 2020

LVB to become DBS Bank India, cash withdrawal allowed from Friday

Following the approval, DBS Group Holdings — Singapore's biggest bank — will take over Lakshmi Vilas Bank in a deal pushed by the RBI. This also marks the first instance when India has turned to a foreign entity to bail out a struggling domestic bank.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3nU5FqP

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