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Company Watch
DBS has the firepower to right LVB ship
Still, there are some hard questions to be asked about the group's accretive strategy
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DBS Group chief executive Piyush Gupta (right) at the inauguration of DBS India's new headquarters in Mumbai in 2017. DBS is one of only two foreign banks in India with wholly owned subsidiary status.
PHOTO: DBS
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.
