Clix Capital, which was in advanced talks with Lakshmi Vilas Bank (LVB) for a possible merger, may approach the Reserve Bank of India (RBI) for clarity on the future of the deal after the bank’s shareholders voted seven Board members, including its managing director, said two people directly familiar with …
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It emerged that the Reserve Bank of India (RBI) told the state-owned Punjab National Bank to prepare to take over Lakshmi Vilas Bank (LVB) in case the transaction proposed by the troubled lender with Clix Capital does not materialize. In addition to PNB, another public sector bank was asked to …
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It emerged that the Reserve Bank of India (RBI) told the state-owned Punjab National Bank to prepare to take over Lakshmi Vilas Bank (LVB) in case the transaction proposed by the troubled lender with Clix Capital does not materialize. In addition to PNB, another public sector bank was asked to …
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