RBI Proposes To Merge Lakshmi Vilas Bank With DBS Bank India ...Middle East

Chennai:  The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme of amalgamation of the beleaguered Lakshmi Vilas Bank with DBS Bank India Ltd, a wholly-owned subsidiary of DBS Bank Ltd, Singapore. The RBI has also placed the Lakshmi Vilas Bank under moratorium for 30 days and superseded its Board owing to serious … The post RBI Proposes To Merge Lakshmi Vilas Bank With DBS Bank India appeared first on Ommcom News.

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