RBI opens Rs 7000 cr window for DBS Bank

Mumbai: The Reserve Bank of India (RBI) is said to have extended nearly Rs 7,000 crore in special liquidity assistance to DBS Bank India Ltd to meet its short-term funding needs following the acquisition of the struggling Lakshmi Vilas Bank (LVB). These funds will be used to manage the mismatch arising out of the erstwhile Lakshmi Vilas Bank’s assets and liabilities as the customers of the failed bank pull out some funds or shift from short to

Source link