Singapore Sling for Lakshmi Vilas Bank

For the first time, the Reserve Bank of India roped in a foreign bank – DBS of Singapore – to take over the assets of an Indian lender, 94-year-old Lakshmi Vilas Bank. ET’s journalists Sugata Ghosh and Atmadip Ray tell us how and why this happened and what it means for banking in the country.See omnystudio.com/listener for privacy information.