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Articles for Dbs, search results for crore

DBS Bank India Hikes FD Rates, Know Your Returns Now
1 year, 10 months ago

DBS Bank India Hikes FD Rates, Know Your Returns Now

News 18  

During the last 9 months, the Reserve Bank of India has frequently increased the repo rate to control inflation. After the change, the bank is offering interest rates ranging from 2.50 per cent to 6.50 per cent for the general public and 5.25 per cent to 7.00 per cent for senior citizens. With the increment, DBS Bank India is now …

Bank Interest Cent Rate Rbi Rates Increased
Carlyle, Fairfax, DBS Bank may bid for IDBI Bank
2 years ago

Carlyle, Fairfax, DBS Bank may bid for IDBI Bank

Live Mint  

Carlyle Group, Fairfax Financial Holdings, and DBS Bank are considering to bid for at least 10% each in IDBI Bank as part of the government’s ongoing share sale process, two people, including a government official, said. Private equity firms Carlyle and Fairfax and Singaporean lender DBS Bank have communicated with the department of investment and public asset management, finance ministry …

India Financial Price Bid Carlyle Qip Fairfax
DBS Bank India aims to expand gold and MSME loan business; details here
2 years, 1 month ago

DBS Bank India aims to expand gold and MSME loan business; details here

Firstpost  

DBS Bank India has presently a strong presence in the Indian market, and benefits from the network’s expansion across sectors like gold loans, have begun to emerge DBS Bank India Ltd. is focusing on expanding its gold and MSME loan businesses. After merging the former Lakshmi Vilas Bank into its fold, DBS Bank India, which is a wholly-owned subsidiary of …

India Bank Loans Loan Gold Loans Sme Msme
DBS Bank Raises Fixed Deposit Interest Rates; Know Latest FD Rates
2 years, 4 months ago

DBS Bank Raises Fixed Deposit Interest Rates; Know Latest FD Rates

News 18  

Private sector lender DBS Bank India has hiked its interest rates on fixed deposits for funds below Rs 2 crore. It now offers interest rates in the range of 2.5-6.25 per cent for the general public and 3-6.75 per cent for senior citizens. The retail inflation in June stood at 7.01 per cent, which is slightly lower than the 7.04 …

General Bank Interest Rates Interest Senior Citizens Public Cent
LVB-DBS Bank Merger: Key Highlights Of Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India
4 years ago

LVB-DBS Bank Merger: Key Highlights Of Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India

ABP News  

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 …

India Bank Rbi Merger Dbs Lvb Dbs Bank India
Govt Approves Merger of Lakshmi Vilas Bank with DBS Bank India, Lifts Curbs on Withdrawal of Deposits
4 years, 1 month ago

Govt Approves Merger of Lakshmi Vilas Bank with DBS Bank India, Lifts Curbs on Withdrawal of Deposits

News 18  

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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The Hindu Explains | What is a bank moratorium, and when does it come into play?
4 years, 1 month ago

The Hindu Explains | What is a bank moratorium, and when does it come into play?

The Hindu  

The story so far: On November 17, the Centre, acting on the recommendation of the Reserve Bank of India, imposed a moratorium on Lakshmi Vilas Bank for a period of 30 days. The RBI, the regulatory body overseeing the country’s financial system, has the power to ask the government to have a moratorium placed on a bank’s operations for a …

Bank Funds Rbi Yes Bank Dbs Lvb Hindu Explains
Depositors' Money in Lakshmi Vilas Bank Safe, Timely Merger with DBS Before Deadline: Administrator
4 years, 1 month ago

Depositors' Money in Lakshmi Vilas Bank Safe, Timely Merger with DBS Before Deadline: Administrator

News 18  

TN Manoharan, the RBI-appointed administrator of Lakshmi Vilas Bank, on Wednesday said depositors’ money is safe and expressed confidence of completing the lender’s merger with DBS Bank India within the deadline set by the regulator. On Tuesday, the Reserve Bank of India appointed former non-executive chairman of Canara Bank Manoharan as the administrator of Lakshmi Vilas Bank after superseding the …

Rbi Lakshmi Vilas Bank Vilas Bank
Lakshmi Vilas Bank Put Under Moratorium, Withdrawal Cap Of Rs 25,000 Imposed; Know All About It
4 years, 1 month ago

Lakshmi Vilas Bank Put Under Moratorium, Withdrawal Cap Of Rs 25,000 Imposed; Know All About It

ABP News  

Merger With DBS Bank In a sudden twist in the ongoing race for cash strapped Lakshmi Vilas Bank, the central government on Tuesday placed Tamil Nadu-based private sector lender under moratorium and capped withdrawal from the bank at Rs 25,000 for one month.However, to meet the cost of medical treatment, payment of higher education, and to cost marriage expenses, depositors …

Bank Capital Rbi Cap Dbs Bank Depositors Lvb
RBI Puts Lakshmi Vilas Bank under Moratorium, Caps Withdrawals at Rs 25,000; DBS Bank to Acquire Lender
4 years, 1 month ago

RBI Puts Lakshmi Vilas Bank under Moratorium, Caps Withdrawals at Rs 25,000; DBS Bank to Acquire Lender

News 18  

The government on Tuesday imposed a month-long moratorium on Lakshmi Vilas Bank, restricting cash withdrawals at Rs 25,000 per depositor, and simultaneously announcing a scheme to merge the cash-strapped lender with DBS India. The RBI placed in the public domain a draft scheme of amalgamation of LVB with DBS Bank India Ltd. The Department of Financial Services in a gazette …

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