Lakshmi Vilas Bank amalgamation with DBS akin to 2G spectrum scam: Subramanian Swamy
NEW DELHI: BJP Rajya Sabha MP Subramanian Swamy on Thursday urged Prime Minister Narendra Modi to liken the amalgamation of Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd to the 2G spectrum scam. Swamy also urged Modi to put on hold the amalgamation of LVB with DBS Bank India and conduct a forensic audit […]
RBI proposes to merge Lakshmi Vilas Bank with DBS Bank India
NEW DELHI: The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme of amalgamation of the beleaguered Lakshmi Vilas Bank with DBS Bank India Ltd, a wholly-owned subsidiary of DBS Bank Ltd, Singapore. The RBI has also placed the Lakshmi Vilas Bank under moratorium for 30 days and superseded its Board owing to […]