Lakshmi Vilas Bank-DBS Bank Deal: Here Is All You Need to Know

Lakshmi Vilas Bank (LVB) is set to be merged into Singapore-based DBS Bank's Indian unit, DBS Bank India, under an RBI-approved plan, days after the government capped withdrawals from the Tamil Nadu-based private sector lender at Rs 25,000 a month till, December 16. The RBI took control of the Chennai-based Lakshmi Vilas Bank on Tuesday, citing a "serious deterioration" in its finances. The RBI has invited suggestions and objections ...