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What’s next for DBS after acquiring Lakshmi Vilas Bank?
Jul 2, 2023 · DBS India is justifying it’s LVB acquisition. Aided by its Asian roots and a 29-year track record in India, DBS Bank seems to have demonstrated a better understanding of the dynamic...
DBS India launches wealth management with access to six markets
2 days ago · India Business News: DBS India has enhanced its wealth management services, offering unified cross-border treasury access across key Asian markets for HNIs and NRIs. A new
LVB to become DBS Bank India, cash withdrawal allowed from …
Nov 25, 2020 · Kolkata: The cabinet approved DBS India’s plan to take over capital-starved Lakshmi Vilas Bank (LVB), paving the way for the first such rescue by a foreign lender. The merger takes effect November 27, when the bar on withdrawals by LVB depositors will be lifted.
DBS Bank India reports strong profit and balance sheet growth …
India, 20 Jun 2023 - DBS Bank India Limited, the wholly owned subsidiary of DBS Bank Ltd., announced its financial results for the fiscal year ending March 31, 2023. The bank reported a net profit of INR 228 Cr for FY22-23, representing a 37% …
DBS Bank India awaits RBI nod for new CEO as incumbent Shome …
Nov 12, 2024 · DBS Bank India Ltd, the wholly owned subsidiary of DBS Bank Ltd, on Tuesday said that Surojit Shome, managing director (MD) and chief executive officer (CEO) of DBS Bank India, will be retiring on February 28, 2025.
Lakshmi Vilas Bank DBS bank merger: LVB-DBS merger: SC stays …
Jul 24, 2024 · The Supreme Court on Wednesday stayed a Madras High Court order that asked the Reserve Bank of India to conduct a fresh valuation of shares and assets of Lakshmi Vilas Bank and DBS Bank India in their 2020 merger case.
Hearing of cases filed against LVB-DBS Bank merger near …
Feb 5, 2024 · The marathon final hearing that has been taking place for the past few months on a huge batch of cases filed against the merger of Lakshmi Vilas Bank (LVB) with DBS Bank India Limited, in 2020,...
DBS Bank India CEO To Retire
India, 12 Nov 2024 - DBS Bank India Limited, the wholly owned subsidiary of DBS Bank Ltd., announced today that Surojit Shome, MD & CEO of DBS Bank India, will be retiring on 28 February 2025. DBS Bank has been present in India for 30 years, opening its first office in Mumbai in 1994.
DBS Bank nominates Rajat Verma to be next India unit CEO, say …
Nov 12, 2024 · DBS's India unit has nominated its head of institutional banking, Rajat Verma, to be the bank's new chief executive officer, two people familiar with the matter said. He is slated to replace Surojit Shome, who plans to retire after leading DBS Bank India since 2015, the sources said, adding that his nomination has been submitted to the Reserve ...