Home Banking Merger of Lakshmi Vilas Bank with DBS Bank gets Union Cabinets approval

Merger of Lakshmi Vilas Bank with DBS Bank gets Union Cabinets approval

By
Dhrumit Thakkar
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569
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(G.N.S) Dt. 25 New Delhi Central government has approved merger of crisis-ridden Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL) and removed restrictions on withdrawal of deposits by depositors. The Union Cabinet has approved the merger of the LVB with DBS Bank India Limited, Union Minister Prakash Javadekar

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