DBS and Lakshmi Vilas Bank: This time, India is getting a bank rescue right

The Straits Times | Nov 18, 2020 at 7:32 AM
  • Another Indian bank has failed, the third collapse of a major deposit-taking institution in 15 months and the first since the onset of the coronavirus pandemic.
  • Only its deposits will appear on the books of the India unit of DBS Group Holdings, Singapore’s biggest bank.
  • DBS was the second foreign bank after SBM Group of Mauritius to turn its India operations into a wholly owned subsidiary.