DBS Bank India’s rescue of Lakshmi Vilas Bank shows RBI has learnt finesse

Old generation private sector lender, Lakshmi Vilas Bank would be the third bank to get rescued by the Reserve Bank of India (RBI) in a span of just a year. While this highlights the unsavoury weak points of India’s banking system, the speed of resolution this time shows that the regulator has come a long way in such rescue operations.

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