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How is Piyush Gupta to be placed after DBS Bank-Laxmi Vilas Bank deal?

A Delhi boy, educated at St Columba's and St Stephens, Gupta had held senior positions in banking across Asia (India included) before joining DBS Bank as its boss in 2009

DBS Bank | Lakshmi Vilas Bank | Piyush Gupta

Raghu Mohan  |  Mumbai 

On November 5, at an analysts’ meet after DBS Group’s third quarter results, Piyush Gupta, its chief executive officer, said: “This is going to the best year we’ve had in India in a long time, partly because the rest of the banking system is on the back foot somewhat”.

And added: “We cleaned up our book some time ago and because we have both capital and liquidity, we’re able to have a strong year in India.” Within a fortnight, the Singapore-based bank gobbled up the 94-year-old Laxmi Vilas Bank (LVB) for a song — just three years ...

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First Published: Fri, November 20 2020. 06:10 IST