Lakshmi Vilas Bank merger

DBS Bank sees sharp rise in bad loans post Lakshmi Vilas Bank merger

However, the lender has been able to register a near three-fold rise in net profit to Rs 312 crore for the year ended March 2021 (FY21), up from Rs 111 crore in FY20.

published on : 9th July 2021

Post Lakshmi Vilas Bank merger, DBS Bank India reports higher net profit for FY21; NPAs zoom

The gross non-performing assets of the combined entity shot up to 12.93 per cent, with a bulk of the strain coming from the erstwhile LVB's portfolio.

published on : 8th July 2021