The move would involve DBS injecting 25 billion rupees of fresh capital into its wholly owned India subsidiary DBS Bank India.- AFP
KOCHI, India (The Straits Times/ANN): India's central bank has proposed a scheme to merge the ailing Lakshmi Vilas Bank (LVB) with DBS Bank.
The move would involve DBS, South-east Asia's biggest bank, injecting 25 billion rupees (US$345 million) of fresh capital into its wholly owned India subsidiary DBS Bank India.
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