DBS Bank India gets Rs. 2,500 cr capital support for LVB merger

DBS Bank India Limited said it has received capital infusion of Rs. 2,500 crore from DBS Bank Limited, Singapore to support its amalgamation with Lakshmi Vilas Bank (LVB).The scheme of amalgamation came into effect on November 27, 2020. DBS Bank India said it is well-capitalized, and its capital adequacy ratios (CAR) remains above regulatory requirements after the amalgamation.