From Nov 27, all Lakshmi Vilas Bank branches will operate under the DBS brand name.

[covertbriar]

THE formal nod from India's central bank for DBS to take over cash-strapped Lakshmi Vilas Bank (LVB), announced on Wednesday, will pave the way for South-east Asia's largest lender to gain full control of a sizeable branch network in India.

With this deal triggered by the Reserve Bank of India (RBI), LVB will cease to exist when its amalgamation into DBS India takes effect. All LVB branches will operate under the DBS brand name from Nov 27. This is unlike a typical acquisition, which, under India's Banking Regulation Act, limits foreign investment in a local banking company to 74 per cent.

"Willingness may have been expressed by both sides," said a Jefferies report this week, pointing to hopes of a union from both RBI and DBS.

The merger with LVB will add 563 branches - mostly in southern India - to DBS India's current 34 branches in 24 cities, over two million retail accounts, more than 150,000 non-retail clients and about 4,400 employees, DBS said in a bourse filing on Wednesday night.

https://www.businesstimes.com.sg/co...india-branch-network-as-bank-bailout-gets-nod

 

[Leongsam]

Banks around the world are closing branches. It is a matter of time before the same happens in India.

 

[kaninabuchaojibye]

Banks around the world are closing branches. It is a matter of time before the same happens in India.

yah lor
with internet banking, why need so many branches

 

[CPTMiller]

Banks around the world are closing branches. It is a matter of time before the same happens in India.

We have the Group CEO Ho Ching in charge and surely will expand more more India.
In additional many CECA help her eg. Current DBS head was native India before citizen.
Big funding backup from Singapore backyard.
Singapore DBS or Temasek will win big in India .

 

[frenchbriefs]

One day DBS will be absorbed by SBI and we will be known as DBI.

 

[frenchbriefs]

So now we are rescuing failed banks in India?failed telecoms then failed airlines now failed banks?

 

[bobby]

So if got DBS ATM card can use in this Ah Neh Bank ?

 

[syed putra]

In just one week sinkies making move in ceca land buying banks, airlines, and building massive solar farms( sembcorp). Syabas.

 

[knnccb]

Delhi Bank of Sinathamby

 

[Cottonmouth]

That shitskin india ceo bailout a shit bank using DBS money?

This shit hole?? Fuck India and fuck Modi's mother. Fuck LHL and his mother's cheebye too.

 

[bobby]

 

[knnccb]

That shitskin india ceo bailout a shit bank using DBS money?

This shit hole?? Fuck India and fuck Modi's mother. Fuck LHL and his mother's cheebye too.

look like a fish head curry shop

 

[knnccb]

maybe same owner running both bank and curry business

 

[frenchbriefs]

In just one week sinkies making move in ceca land buying banks, airlines, and building massive solar farms( sembcorp). Syabas.

if only we are buying the banks airlines and telecoms that are actually healthy and making big profits....

 

[Cottonmouth]

look like a fish head curry shop

Sell cheebye one.
Cheebye curry.
Whole piece of cheebye hack out and braise in curry for the filthy Indians.
The cheebye is not shaved.

 

[knnccb]

Sell cheebye one.
Cheebye curry.
Whole piece of cheebye hack out and braise in curry for the filthy Indians.
The cheebye is not shaved.

siokbinasamy curry

 

[Cottonmouth]

siokbinasamy curry

Where's that siokbin old cunt I wonder.
Was she deported to India and getting her cheebye fucked hard now.
I would like to find her and kick her cheebye very hard.

 

[knnccb]

Where's that siokbin old cunt I wonder.
Was she deported to India and getting her cheebye fucked hard now.
I would like to find her and kick her cheebye very hard.

maybe her cakeleng customer a laksmi villa bank manager recommended her a job as a bank cashier in their mumbai branch

 

[Cottonmouth]

maybe her cakeleng customer a laksmi villa bank manager recommended her a job as a bank cashier in their mumbai branch

She will be crawling under the tables sucking cock.

 

[bobby]

I wonder what fuck due diligence DBS perform...this kind of bank branch also can jadi ?