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The RBI has excluded Lakshmi Vilas Bank from the Second Schedule of the Reserve Bank of India Act, 1934. The Lakshmi Vilas Bank was merged with which bank?
A)
Citibank
B)
HSBC Bank
C)
DBS Bank India Ltd
D)
United Overseas Bank

Correct Answer :   DBS Bank India Ltd


The RBI has excluded Lakshmi Vilas Bank from the Second Schedule of the Reserve Bank of India Act, 1934. The move was taken after the crisis-ridden Lakshmi Vilas Bank was merged with DBS Bank India Ltd.

Published On : May 11, 2021
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