LVB, facing mounting bad loans and governance issues and a failure to secure capital, is set to be folded into DBS's Indian subsidiary under a plan proposed by India's central bank, which took control of the 94-year old Chennai-based lender on Tuesday.source https://economictimes.indiatimes.com/industry/banking/finance/banking/dbs-faces-potential-culture-clash-as-it-scoops-up-distressed-lakshmi-vilas-bank/articleshow/79296526.cms
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