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Corporate governance a key factor for DBS' takeover of LVB to work

But some other challenges are intangible and go beyond financial metrics.

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LVB's gross non-performing assets went from about 2.67 per cent in FY 2016-17 to 9.98 per cent in FY 2017-18 to a whopping 25.39 per cent in FY 2019-20.

THE Reserve Bank of India (RBI) made history last month by reaching out to a foreign lender for the first time to rescue a local bank. This unique acquisition by DBS Bank India Ltd (DBIL) of the struggling Lakshmi Vilas Bank (LVB) will no doubt present unique challenges, especially the potential...

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