DBS Group Holdings said it’s facing lawsuits in India related to its recent takeover of Lakshmi Vilas Bank. —DBS Group Holdings Ltd., Southeast Asia’s largest lender, said it’s facing lawsuits in India related to its recent takeover of a struggling local bank.
“DBS has no incremental unprovided risks on these lawsuits,” it said. “Other legal liabilities in the normal course of business have also been suitably provided for.”
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