Tag Archives: Lakshmi Vilas Bank News

NEW DELHI: Reserve Bank of India (RBI) settled Tuesday with cash trouble Lakshmi Vilas Bank (LVB) defaulted for a period of one month and withdrawals restricted to Rs 25,000 for depositors, due to the serious deterioration of the financial situation of the lender. In an official statement, the RBI said: …

Lakshmi Vilas Bank said today that it has received a non-binding indicative offer from Clix Group. The struggling private sector bank is desperately seeking capital and is in talks with Clix Group for a merger. “In addition to the process of consideration and evaluation of the proposed merger with M …