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Singapore Sling for Lakshmi Vilas Bank
Episode 26
Published 5 years, 5 months ago
Description
For the first time, the Reserve Bank of India roped in a foreign bank – DBS of Singapore – to take over the assets of an Indian lender, 94-year-old Lakshmi Vilas Bank. ET’s journalists Sugata Ghosh and Atmadip Ray tell us how and why this happened and what it means for banking in the country.
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