Bank Mergers November 2020
CMAT 2023 · General Knowledge · Easy · General Knowledge
In November 2020, the Union Cabinet gave its nod to merge which two banks?
- A.
Lakshmi Vilas Bank with Allahabad Bank
- B.
DBS Bank of India with Allahabad Bank
- C.
Lakshmi Vilas Bank with DBS Bank of India
- D.
DBS Bank of India with Karur Vysya Bank
Answer
C
Explanation
In November 2020, Lakshmi Vilas Bank (LVB) was merged with DBS Bank India Limited (DBIL).
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