Focus Merit

Tag: DBS Bank

Cabinet permits RBI’s proposal to merge Lakshmi Vilas Bank with DBS Bank

November 25, 2020
Lakshmi Vilas Bank
  • Union Cabinet has accepted the merger of capital-starved Lakshmi Vilas Bank (LVB) with DBS Bank India.
  • The Reserve Bank of India on 17 November stated the merger of the lender with the Indian arm of Singapore’s DBS Bank.

According to DBS, India’s GDP to contract 6% in FY21

July 25, 2020
GDP
  • Singaporean brokerage firm DBS Bank Ltd has estimated that the Indian economy will contract by 6 percent in FY21 (2020-21).
  • In its previous forecast, DBS had estimated – 4.8 percent growth for FY21.