Has Lakshmi Vilas Bank been acquired by any other bank?
Answer (1)
2nd Jun, 2023
Yes, In November 2020, the Reserve Bank of India (RBI) placed Lakshmi Vilas Bank under a one-month moratorium and announced that it would be merged with DBS Bank India Limited, a subsidiary of Singapore-based DBS Bank. the merger was completed in November 2020.
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