The amalgamation of LVB into DBS Bank India came into effect from November 27 under the special powers of the government and the Reserve Bank of India under Section 45 of the Banking Regulation Act, 1949.source https://economictimes.indiatimes.com/industry/banking/finance/banking/lakshmi-vilas-bank-customers-can-access-all-services-no-change-in-interest-rates-as-of-now-dbs/articleshow/79489055.cms
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