MUMBAI : The Reserve Bank did not issue the final merger scheme for Lakshmi Vilas Bank (LVB) with DBS India on Friday as stated above and is likely to do so only next week, according to a central bank official. While placing LVB under a moratorium and then issuing a …
Read More »Lakshmi Vilas Bank has enough liquidity to pay depositors – RBI appointed administrator
The RBI-appointed administrator for Lakshmi Vilas Bank TN Manoharan said Wednesday that the bank has sufficient liquidity to pay depositors. Confident of the timely merger of Lakshmi Vilas Bank with DBS India – RBI appointed administrator. Manoharan says that Lakshmi Vilas Bank has ₹20,000 crore in deposits and ₹17,000 crore …
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