RBI's swift resolution of Lakshmi Vilas Bank to maintain sector stability: S&P

The Reserve Bank has proposed merging Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). As part of the proposal, DBIL, the wholly owned subsidiary of Singapore-based DBS Bank, will inject Rs 2,500 crore into the merged entity to support its financial position.

from Banking/Finance-Industry-Economic Times https://ift.tt/2KeTMgs