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


๐Ÿ’ก newsR Knowledge: Other News Mentions


Related news from verified sources

On November 17, the Reserve Bank of India had unveiled a draft scheme to amalgamate private sector lender LVB with DBS Bank India Ltd (DBIL).
on November 25, 2020 • DNA

During the one-month moratorium periodย of Lakshmi Vilas Bankย  the government had capped withdrawals at Rs 25,000 per depositor.
on November 25, 2020 • Zee News

Related videos from verified sources

SBI chairman Dinesh Khara on Yes Bank & Lakshmi Vilas bank crisis l #HTLS2020 03:55
Video credit: HT Digital Content - Published on November 26, 2020 

Rs 25,000 limit on Lakshmi Vilas Bank withdrawal irks customers after moratorium 02:08
Video credit: HT Digital Content - Published on November 18, 2020 

Customers suffer after Centre puts Lakshmi Vilas Bank Ltd under moratorium for 30 days 01:19
Video credit: ANI - Published on November 18, 2020 

You might like