Tuesday, November 17, 2020

RBI's Lakshmi Vilas Bank bailout plan: Singapore's DBS to take over, infuse Rs 2,500 crore

As part of the bailout, depositors and bond holders in general will get their money back. Equity shareholders face a total loss of investment, signalling to investors that this may become the playbook for future rescues of troubled banks.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbis-lakshmi-vilas-bank-bailout-plan-singapores-dbs-to-take-over-infuse-rs-2500-crore/articleshow/79273742.cms

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