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- 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_LimitedAmalgamation of Lakshmi Vilas Bank with DBS Bank India Limited
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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 ...
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Nov 17, 2020 · The Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Lakshmi Vilas Bank Ltd. (LVB) with DBS Bank India Ltd. (DBIL), a banking company incorporated in India under Companies Act, 2013, and having its Registered Office at New Delhi.
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...
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.
- Atmadip Ray
Nov 25, 2020 · Customers, including depositors of the Lakshmi Vilas Bank Ltd. will be able to operate their accounts as customers of DBS Bank India Ltd. with effect from November 27, 2020. Consequently the moratorium on the Lakshmi Vilas Bank Ltd. will cease to be operative from that date.
Nov 25, 2020 · NEW DELHI: The government on Wednesday approved merger of crisis-ridden Lakshmi Vilas Bank with DBS Bank India Ltd (DBIL) and removed restrictions on withdrawal of deposits by depositors.
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).
