Following the approval, DBS Group Holdings — Singapore's biggest bank — will take over Lakshmi Vilas Bank in a deal pushed by the RBI. This also marks the first instance when India has turned to a foreign entity to bail out a struggling domestic bank.source https://economictimes.indiatimes.com/industry/banking/finance/banking/cabinet-approves-dbs-takeover-of-lakshmi-vilas-bank/articleshow/79406334.cms
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