Under moratorium: RBI initiates merger of Lakshmi Vilas Bank with DBS Bank

The RBI said DBS would bring in Rs 2,500 crore of capital to support the bank’s business. Cash withdrawals from LVB have been capped at Rs 25,000 per borrower until December 16 when the moratorium ends.

from The Financial Express https://ift.tt/32WfVa1
https://ift.tt/eA8V8J FE Bureau