DBS Bank India Limited completed the acquisition of The Lakshmi Vilas Bank Limited.
DBS Bank India Limited (DBIL) completed the acquisition of The Lakshmi Vilas Bank Limited (BSE:534690) (LVB) on November 27, 2020. The moratorium imposed on LVB was lifted from 27 November 2020 and banking services were restored immediately with all branches, digital channels and ATMs functioning as usual. LVB customers can continue to access all banking services. All LVB employees will continue in service and are now employees of DBIL on the same terms & conditions of service as under LVB.