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RBI To Fold Lakshmi Vilas Bank Into Arm Of Singapore's DBS
17 Nov 2020, 08:37 PM IST 
Lakshmi Vilas shares fell 4 per cent last week
The Reserve Bank of India (RBI) on Tuesday proposed folding Lakshmi Vilas Bank into the local unit of Singapore's DBS, shortly after taking control of the Indian lender due to a "serious deterioration" in its financial position. (Also Read: Centre Caps Withdrawal From Lakshmi Vilas Bank At ₹ 25,000 Till December 16 )
