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Shriram Subramanian
Connect:
An end to LVB: A future for banking amalgamations
The amalgamation of LVB with DBS shows that the RBI has deftly handled a weak bank by placing the interests of the depositors, employees, and the future of the bank in mind when it brought in a credible bank in DBS for the amalgamation. The aspirations of DBS and the current assets of LVB are in sync. For a promise of infusing Rs.2500 crores fresh capital, and the challenge of integrating a slack work culture, DBS gets over 500 branches, a deposit base, and a reach. The risks for DBS are the negative surprises on the loan books.
23 November 2020, 01:23 IST
An end to LVB: A future for banking amalgamations
23 November 2020, 01:23 IST