Union Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank India Limited

Video Credit: ANI
Published on November 25, 2020 - Duration: 01:31s

Union Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank India Limited

While addressing a press conference in the national capital on November 25, Information and Broadcasting Minister Prakash Javadekar informed that the Union Cabinet has approved Scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited.

"With this, there'll be no further restrictions on depositors regarding the withdrawal of their deposits", he said.


You are here

Related news from verified sources

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...
on November 17, 2020 • Mid-Day

The moratorium imposed on Lakshmi Vilas Bank by the Reserve Bank of India (RBI) will cease to exist from November 27 as against December 16 notified earlier. The...
on November 25, 2020 • IndiaTimes

Related videos from verified sources

SBI chairman Dinesh Khara on Yes Bank & Lakshmi Vilas bank crisis l #HTLS2020 03:55
Video credit: LiveMint - Published on November 27, 2020 

SBI chairman Dinesh Kumar Khara on state of economy, banking & NPAs l #HTLS2020 32:28
Video credit: HT Digital Content - Published on November 26, 2020 

How will Indian economy fare in Q2? SBI chairman's GDP prediction #HTLS2020 01:43
Video credit: HT Digital Content - Published on November 26, 2020 

You might like