Monday, January 25, 2021
Home National Centre approves merging of Lakshmi Vilas Bank and DBS Bank

Centre approves merging of Lakshmi Vilas Bank and DBS Bank

Union Minister Prakash Javadekar today held a press conference and informed about the decisions taken in the cabinet meeting headed by PM Narendra Modi. The proposal to merge Lakshmi Vilas Bank with DBS Bank India Limited (DBIL) has been approved in the meeting. The Reserve Bank had ordered the merger of Lakshmi Vilas Bank with DBS Bank. With this, the withdrawal limit will no longer be applicable for Lakshmi Vilas Bank depositors. The merger will provide relief to about 20 lakh depositors and about 4,000 employees of Lakshmi Vilas Bank.

Read more: India.com | The Hindu | Deccan Herald

Report Post

Avantika Yadav
23, Content Editor @HeadlineEnglish @HeadlineHindi

MORE FROM THE AUTHOR

LATEST NEWS