Lakshmi Vilas Bank: The Lakshmi Vilas Bank Ltd. Branches To Operate As DBS Bank India Ltd. Branches From November 27 2020 Ref: Gazette Notification By Government Of India Informed By Bank On 25.11.2020 | Value Research

Best Funds for 2023: Handpicked Mutual Funds to build a winning portfolio.
(₹1,499 ₹999)

Buy Now Buy Now right-arrow

Lakshmi Vilas Bank: The Lakshmi Vilas Bank Ltd. Branches To Operate As DBS Bank India Ltd. Branches From November 27 2020
Ref: Gazette Notification By Government Of India Informed By Bank On 25.11.2020

In furtherance to the intimation filed as referred above the Reserve Bank of India has issued a press release today that the amalgamation will come into force on the Appointed date i.e. November 27 2020 and all the branches of the Lakshmi Vilas Bank Ltd. will function as branches of DBS Bank India Ltd. with effect from this date.

Customers including depositors of the Lakshmi Vilas Bank Ltd. will be able to operate their accounts as customers of DBS Bank India Ltd. with effect from November 27 2020. Consequently the moratorium on the Lakshmi Vilas Bank Ltd. will cease to be operative from that date. DBS Bank India Ltd. is making necessary arrangements to ensure that service as usual is provided to the customers of the Lakshmi Vilas Bank Ltd.

The Press Release issued by Reserve Bank of India dated 25.11.2020 is also attached herewith.

This is for your kind information and records.

Click here to view PDF


Other Categories