[WTF} Pictures of Lakshmi Vilas Bank

Sai Baba

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DBS is saving this kinda of bank??? :eek:

$400+ millions down the drain :( Sad for a National Bank to reach this stage.

Here are some pictures:

BL31P2LVB


VBK-LVB-BIJOY-1


ak_lvb_1811.jpg


Lakshmi_Vilas_Bank_Mulund_branch_Benny_061019__1_.jpeg


https://www.straitstimes.com/business/banking/dbs-has-the-firepower-to-right-lvb-ship

Laxmi-Vilas-Bank-1.jpg

Don’t judge a book by the cover.
 

PanzerElite

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Fellow sinkies, few years down the road from now, if you see puppies raise see pee f retirement age, you should know what’s the reason.
 

Potato_Wedges

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zuppeur

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The merger not yet confirm right?
DBS still can reject the proposal
 

Firstclass1188

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The video inside this link showed how TROUBLED this Cecaed Bank is.
And no reason why a Foreign Bank like DBS needs to help this kampong bank.

Very shady transaction & Govt even approved. Something is very wrong with Singapore now.
Even HSK and Tharman also stay muted.

MUST WATCH (to understand whole story)

https://www.news18.com/news/business/lakshmi-vilas-faces-equity-wipeout-shareholders-to-get-nothing-after-merger-with-dbs-3091931.html

Better withdraw all cash in DBS and put in CPF.
 

AhoLim

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Im sure DBS knows this is a shitty bank, what do they really stands to benefit from this? Is there some deals going on undertable that we don't know about?
 

Sultana

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How is their biggest bank (Bank of India?) look like in India?
Compare to this Laksmi...
 
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