MERGER HIGHLIGHTS

■ DBS Group to inject Rs 2,500 crore (SGD 463 million) into DBIL to aid amalgamation, future growth

■ DBS has been in India since 1994

■ Converted India operations to a wholly-owned subsidiary, DBIL, in March 2019

■ On November 17, a 30-day moratorium was imposed on crisis-ridden LVB

■ Cash withdrawal capped at Rs 25,000 per depositor

■ RBI placed in public domain draft scheme for amalgamation of LVB and DBIL

■ LVB branches re-branding has begun; ATM screens have been reconfigured to reflect DBS’s logo

■ LVB second private sector bank after Yes Bank to run into rough weather this year

■ In March, capital-starved Yes Bank was placed under a moratorium.

■ Centre rescued Yes Bank by asking SBI to infuse Rs 7,250 cr for 45 per cent stake in the bank