Cabinet nod for Lakshmi Vilas Bank, DBS Bank India amalgamation

The Union Cabinet on Wednesday approved the amalgamation of the Karur based 94-year old Lakshmi Vilas Bank (LVB) with DBS Bank India, a subsidiary of DBS Bank, Singapore.

Briefing the media about the cabinet decision on the matter Union Minister Prakash Javadekar said the cabinet has approved the amalgamation of LVB with DBS...