RBI proposes merger with DBS Bank as possible solution to Lakshmi Vilas Bank's capital woes

DBS would invest Rs 2,500 crore in the equity of the bank that would help the merged entity have a comfortable capital position. This would also help the Singapore bank gain a banking license. It also ends Clix Capital's plan of converting into a bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/3pEYC6O