With Lakshmi Vilas deal, DBS faces potential culture clash

LVB, facing mounting bad loans and governance issues and a failure to secure capital, is set to be folded into DBS's Indian subsidiary under a plan proposed by India's central bank, which took control of the 94-year old Chennai-based lender on Tuesday, citing a "serious deterioration" in its finances.

from Banking/Finance-Industry-Economic Times https://ift.tt/3lM0NDk