RBI rejects proposed merger of Lakshmi Vilas Bank with Indiabulls Housing Finance

Published: 9/10/2019
RBI rejects proposed merger of Lakshmi Vilas Bank with Indiabulls Housing Finance
Source: WWW.LIVEMINT.COM

This comes days after the RBI initiated a 'prompt corrective action' on Lakshmi Vilas Bank.The news could pressure the shares of LVB and Indiabulls, both of which have fallen to multi-year lows after being hit by allegations of misconduct

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