Lakshmi Vilas Bank branches to operate as DBS Bank India Ltd from Friday

Lakshmi Vilas Bank Ltd. branches will operate as DBS Bank India Ltd. branches from November 27, 2020. The development has come hours after the Cabinet announced that it has approved the merger of Lakshmi Vilas Bank Ltd. with DBS India. The government earlier in the day approved merger of crisis-ridden Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL) and said there will be no further restrictions on withdrawal of deposits.

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