The Reserve Bank has proposed merging Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). As part of the proposal, DBIL, the wholly owned subsidiary of Singapore-based DBS Bank, will inject Rs 2,500 crore into the merged entity to support its financial position.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbis-swift-resolution-of-lakshmi-vilas-bank-to-maintain-sector-stabilitysp/articleshow/79300030.cms
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