Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India Cleared By Cabinet

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Last Comment 2020-11-25

2020-11-25

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...

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https://www.desidime.com/discussions/crisis-hit-lakshmi-vilas-bank-s-merger-with-dbs-india-cleared-by-cabinet?page=1#post_7168857

Shahskm

2020-11-25

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Lol still LVB Stock hitted UC today ….Power of operators and manipulation in Indian stock market.

https://www.desidime.com/discussions/crisis-hit-lakshmi-vilas-bank-s-merger-with-dbs-india-cleared-by-cabinet?page=1#post_7168866

desiman

2020-11-25

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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.

https://www.rediff.com/business/report/lvb-will...