In the cabinet meeting held today under the chairmanship of Prime Minister Narendra Modi, the government has taken many important decisions. During the meeting, the Modi government, Laxmi Vilas Bank Bank's DBS Bank India Ltd. (DBIL) has approved the merger. At the same time, the Modi government has also removed the withdrawal limit for the depositors from the bank.
Union Minister Prakash Javadekar has given this information after the meeting of the Union Cabinet. He told that the Union Cabinet has approved DBS Bank India Ltd. of LVB. Has approved the merger proposal. Now, with the decision of the Central Government, 20 lakh depositors of the bank will get relief and the services of four thousand employees will also be safe.
After this approval of the government, there will be no restriction on withdrawal from the bank. Significantly, the Modi government at the center has taken several important decisions during the Corona epidemic.