Crisis-Hit Lakshmi Vilas Bank’s Merger With DBS India Cleared By Cabinet
Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of ₹ 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.
https://www.ndtv.com/business/lakshmi-vilas-ban...
Lol still LVB Stock hitted UC today ….Power of operators and manipulation in Indian stock market.
LVB will function as DBS Bank India from Nov 27
The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day.
