You are here: Home » Finance » News » Banks

Proposed LVB-DBS merger a remarkable job: RBI board member Manish Sabharwal

Rupee appreciates 12 paise to 74.15 against US dollar in early trade

Business Standard

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

Topics
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 ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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

.