The Madras High Court has directed the Reserve Bank of India (RBI) to reassess the shares and assets of Lakshmi Vilas Bank (LVB) and DBS Bank India Limited (DBIL) before the amalgamation and make a fresh decision on reducing share value and writing off Tier II bonds. The court emphasized the need for transparency in the merger process, highlighting that the RBI should not have rushed through it without disclosing reasons for rejecting objections.