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LVB-DBS deal: HC asks RBI to relook at valuation

India Business News: The Madras HC has asked RBI to carry out a valuation of shares and assets of DBS Bank India and Lakshmi Vilas Bank as on the date before their amalgam ....

Tamil Nadu , Bank India , Lakshmi Vilas Bank , Business News , Madras Hc , Lvb Dbs Deal ,

Madras HC orders RBI to conduct comprehensive asset valuations for DBS and Lakshmi Vilas Bank

Madras High Court has directed RBI to reevaluate DBS Bank India and LVB pre-amalgamation, influencing share value/write-off decisions within four months, in response to bondholders suit, highlighting transparency and fairness for stakeholders. ....

Tamil Nadu , Madras High Court , Bank India , Lakshmi Vilas Bank , Supreme Court , Reserve Bank , High Courts , Madras Hc , Dbs Bank India ,