The Union Cabinet on Wednesday approved the merger of capital-starved Lakshmi Vilas Bank with the Indian arm of Singapore-based DBS Bank India. LVB and DBS Bank India merger will come into effect from November 27, 2020. The Union Cabinet approved the merger of 94-year-old capital-starved Lakshmi Vilas Bank with DBS Bank India. This comes after the Reserve Bank of India …
Centre Issues New Guidelines from Dec 1, States Allowed to Impose Local Curbs Only in Containment Zones The Ministry of Home Affairs has issued fresh guidelines for surveillance, containment and caution. Chennai Airport to Close from 7pm as ‘Very Severe’ Cyclone Likely to Cross TN Coast Several flights were cancelled and a public holiday declared to prepare for Cyclone Nivar, …
The government on Wednesday approved merger of crisis-ridden Lakshmi Vilas Bank with DBS Bank India Ltd 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 told reporters, adding the decision will provide comfort to 20 lakh depositors and protect the services …
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