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M&A: Merger of Lakshmi Vilas Bank with DBS

M&A: Merger of Lakshmi Vilas Bank with DBS

by Karan Vora | Jan 5, 2021 | Insights, Merger & Acquisitions, Private Equity & IPO

RBI announced a draft scheme for amalgamation of Lakshmi Vilas Bank (LVB) and DBS India Ltd (DBIL), wholly owned subsidiary of DBS Singapore in November. DBS will infuse Rs. 2500 Crore into DBIL as and when the scheme is approved. DBS is a major Singapore based bank....

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