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  • Delhi HC grants bail to scribe Rajeev Sharma in espionage case
  • Afghan forces clear district in Uruzgan province of Taliban militants
  • Japanese court cancels regulatory approval to resume operation of 2 reactors
  • Sensex at life time highs at 45,079 55 pts
  • DBS Bank India receives a capital infusion of Rs 2,500 CR from DBS Bank Limited, Singapore
  • Akshay Kumar's Ram Setu to be filmed in Ayodhya
  • Response for PMC Bank resolution look positive: RBI governor
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Business EconomyPosted at: Dec 4 2020 5:08PM


DBS Bank India receives a capital infusion of Rs 2,500 CR from DBS Bank Limited, Singapore

Kolkata, Dec 04 (UNI) DBS Bank India Limited (DBIL) announced today that it has received capital infusion of Rs 2,500 crore from DBS Bank Limited, Singapore, to support the India franchise, following the amalgamation of Lakshmi Vilas Bank (LVB) with DBIL.

DBS Bank India Limited (DBIL) is well-capitalised, and its capital adequacy ratios (CAR) remains above regulatory requirements after the amalgamation. The amalgamation provides stability and better prospects to LVB's depositors, customers and employees following a period of uncertainty.
Once the integration is complete, customers will be able to access a wider range of products and services, including access to the full suite of DBS digital banking services which have won multiple global accolades.

The scheme of amalgamation came into effect on November 27, 2020.
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Tags: #DBS Bank India receives a capital infusion of Rs 2#500 CR from DBS Bank Limited# Singapore
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