Rs 7,000-crore special liquidity assistance to DBS Bank extended by the RBI
Mon, Jan 25, 2021 11:40 AM

Rs 7,000-crore special liquidity assistance to DBS Bank extended by the RBI

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The RBI has extended nearly Rs 7,000 crore in special liquidity assistance to DBS Bank India to meet its short-term funding needs after the acquisition of the Lakshmi Vilas Bank (LVB). The funds will be used to manage the mismatch arising out of LVB's assets and liabilities. The short-term fundraising may be charged with interest rates close to or linked to the repo rate.

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