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DBS has the firepower to right LVB ship
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If the merger is approved, DBS India will acquire LVB and its assets for a mere 25 billion rupees.
PHOTO: REUTERS
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SINGAPORE - Fortune favours the brave, as the saying goes.
The question for DBS is whether the Reserve Bank of India's call to amalgamate troubled Lakshmi Vilas Bank (LVB) with the Singapore bank has fortune written all over it.
