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 …
Read More »RBI sounds like PNB on acquisition of embattled Lakshmi Vilas Bank
