LVB resolution: RBI delays final merger scheme

The Reserve Bank of India did not issue the final merger scheme for Lakshmi Vilas Bank (LVB) with DBS India on Friday as stated earlier and is likely to do so only next week, according to a central bank official. Continue Reading

Banks have to be SME-led to be successful in India: DBS

“In the short-run, which is over the next five years, we want to grow our balance sheet three times. We crossed Rs 50,000 crore in 2018 and we think over the next five years, we can triple that,” chief executive of DBS Bank India, Surojit Shome told reporters. Continue Reading