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    • Amalgamated

      • India, 30 Nov 2020 - Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of DBS Group Holdings Ltd.
      www.dbs.com/newsroom/Amalgamation_of_Lakshmi_Vilas_Bank_with_DBS_Bank_India_Limited

      Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited

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  3. www.dbs.com › newsroom › Amalgamation_of_LakshmiAmalgamation of Lakshmi Vilas Bank with DBS Bank India Limited

    India, 30 Nov 2020 - Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of DBS Group Holdings Ltd. The scheme of amalgamation is under the special powers of the Government of India and Reserve Bank of India under Section 45 of the Banking Regulation Act, 1949, India, and came into effect ...

  4. www.moneycontrol.com › news › businessDBS Bank-LVB merger: What Lakshmi Vilas Bank’s depositors and ...

    Dec 1, 2020 · Effective from 27 November 2020, Lakshmi Vilas Bank (LVB) has been amalgamated with DBS Bank India Limited (DBIL). The moratorium on LVB has been lifted and banking services are now back to...

  5. indianexpress.com › article › businessCabinet approves merger of Lakshmi Vilas Bank with DBS Bank India

    Nov 25, 2020 · Nearly a week after Lakshmi Vilas Bank (LVB) was put under a 30-day moratorium by the Reserve Bank of India (RBI), the Union Cabinet headed by Prime Minister Narendra Modi on Wednesday approved the scheme of amalgamation of the Chennai-based bank with DBS Bank India Limited (DBIL).

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  6. economictimes.indiatimes.com › industry › bankingLVB DBS merger | Lakshmi Vilas Bank: Cabinet approves DBS ...

    Nov 25, 2020 · Kolkata: The cabinet approved DBS India’s plan to take over capital-starved Lakshmi Vilas Bank (LVB), paving the way for the first such rescue by a foreign lender. The merger takes effect November 27, when the bar on withdrawals by LVB depositors will be lifted.

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  7. pib.gov.in › PressReleasePageCabinet approves Scheme of Amalgamation of Lakshmi Vilas Bank ...

    Nov 25, 2020 · The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has given its approval to the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).

  8. timesofindia.indiatimes.com › business › indiaCentre approves merger of Lakshmi Vilas Bank with DBS India

    Nov 25, 2020 · The government on Wednesday approved merger of crisis-ridden Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL) and removed restrictions on withdrawal of deposits by depositors.

  9. www.hindustantimes.com › india-news › cabinetCabinet approves amalgamation of Lakshmi Vilas Bank with DBS Bank

    The government on Wednesday approved merger of crisis-ridden Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL) and removed restrictions on withdrawal of deposits by depositors.