Chennai, Nov 27 In a sudden turn of events, some hours before the amalgamation of the Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd is to take effect, the Reserve Bank of India (RBI) on Thursday gave a Rs
Chennai, Nov 25 From November 27, the 94-year-old Karur-headquartered Lakshmi Vilas Bank (LVB) will cease to exist officially and be amalgamated with DBS Bank India Ltd, a subsidiary of DBS Bank, Singapore. The Central government on Wednesday notified in the
Chennai, Nov 18 The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme of amalgamation of the beleaguered Lakshmi Vilas Bank with DBS Bank India Ltd, a wholly-owned subsidiary of DBS Bank Ltd, Singapore. The RBI has also
Chennai, Sep 29 The Reserve Bank of India (RBI) should take a prompt and correct action of merging the 93-year-old Lakshmi Vilas Bank (LVB) with a nationalised bank, a top leader of one of the largest bank unions said. “There
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