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Thursday, October 2, 2025
TopicDBS Bank Ltd.

Topic: DBS Bank Ltd.

Govt approves merger of Lakshmi Vilas Bank with DBS India

The withdrawal restrictions have also been lifted. Union Minister Prakash Javadekar said those responsible for deteriorating financial health of the bank would be penalised.

Two years back, RBI had rejected DBS Bank’s bid for 50% stake in Lakshmi Vilas Bank

RBI has put struggling LVB under moratorium, and proposed its merger with DBS’ India subsidiary DBIL. In 2018, LVB was valued at Rs 3,500-5,000 crore.

Rupee goes from best performing Asian currency to worst as oil, Kashmir puncture sentiment

The rupee’s losses have deepened in recent days amid escalating tensions between India and Pakistan.

Rupee could soon touch 75 per dollar, some lenders predict

India’s August trade deficit is likely to remain at $17-$18 billion, while Fed reserve is set to raise rates again, both of which will weigh on the rupee.

On Camera

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Every Gandhi Jayanti, we witness a contradiction in Hindutva position — PM Modi hails ‘beloved Bapu’ while his supporters attack and abuse him.

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Finnish giant ICEYE to build signature radar microsatellites in India, offers full control to govt

Company builds microsatellites that are smaller, faster, cheaper to produce. ICEYE will develop & launch micro-satellites, hand them over to India, which will have full control & sovereignty.

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.