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Thursday, October 30, 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

From Durrani to Taliban—How Afghanistan always defeated its enemy with India’s help

Pakistan failed to understand the fiercely independent psyche of the Afghans and Pashtun nationalism, which has dominated politics in Afghanistan since its emergence in 1747.

Karnataka, Telangana, TN, Maharashtra power 40% of services output, pan-India growth uneven—NITI Aayog

Report on India's services sector examines state-level dynamics, maps disparities and suggests ways to tap into the sector’s potential.

India pulled out of Tajikistan’s strategically important Ayni air base in 2022. Here’s why

Tajikistan did not want to extend the lease because of apparent pressure from Russia & China over non-regional military personnel at the air base, it is learnt.

Deepfake on duty: when I asked AI to read Op Sindoor citations

On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.