<p>DBS Bank India Limited (DBIL) on Friday said it has received a capital infusion of Rs 2,500 crore from DBS Bank Limited, Singapore to support its amalgamation with Lakshmi Vilas Bank (LVB).</p>.<p>The scheme of amalgamation came into effect on November 27, 2020.</p>.<p>DBIL said that it is well-capitalised, and its capital adequacy ratios (CAR) remain above regulatory requirements after the amalgamation.</p>.<p>"The amalgamation provides stability and better prospects to LVB's depositors, customers, and employees following a period of uncertainty," it said in a release.</p>.<p>Once the integration is complete, customers will be able to access a wider range of products and services, including access to the full suite of DBS digital banking services which have won multiple global accolades, DBS Bank India added.</p>.<p>Earlier last month, the RBI placed crisis-ridden LVB under a moratorium and announced its merger with DBIL.</p>.<p>LVB was looking to raise capital for a long time and had also entered into an agreement with non-banking lender Clix Group for an amalgamation in June this year, but the deal could not get through.</p>.<p>Before this, LVB had tried to forge a merger with realty player Indiabulls Housing Finance, which was rejected by the RBI.</p>.<p>LVB is the second private sector bank after Yes Bank which has run into rough weather during this year.</p>.<p>In March, capital-starved Yes Bank was placed under a moratorium. The government rescued Yes Bank by asking state-run State Bank of India to infuse Rs 7,250 crore and take a 45 per cent stake in the bank.</p>
<p>DBS Bank India Limited (DBIL) on Friday said it has received a capital infusion of Rs 2,500 crore from DBS Bank Limited, Singapore to support its amalgamation with Lakshmi Vilas Bank (LVB).</p>.<p>The scheme of amalgamation came into effect on November 27, 2020.</p>.<p>DBIL said that it is well-capitalised, and its capital adequacy ratios (CAR) remain above regulatory requirements after the amalgamation.</p>.<p>"The amalgamation provides stability and better prospects to LVB's depositors, customers, and employees following a period of uncertainty," it said in a release.</p>.<p>Once the integration is complete, customers will be able to access a wider range of products and services, including access to the full suite of DBS digital banking services which have won multiple global accolades, DBS Bank India added.</p>.<p>Earlier last month, the RBI placed crisis-ridden LVB under a moratorium and announced its merger with DBIL.</p>.<p>LVB was looking to raise capital for a long time and had also entered into an agreement with non-banking lender Clix Group for an amalgamation in June this year, but the deal could not get through.</p>.<p>Before this, LVB had tried to forge a merger with realty player Indiabulls Housing Finance, which was rejected by the RBI.</p>.<p>LVB is the second private sector bank after Yes Bank which has run into rough weather during this year.</p>.<p>In March, capital-starved Yes Bank was placed under a moratorium. The government rescued Yes Bank by asking state-run State Bank of India to infuse Rs 7,250 crore and take a 45 per cent stake in the bank.</p>