Friday, October 4, 2019

No call on Lakshmi Vilas Bank-Indiabulls merger made yet: Shaktikanta Das

Placing Lakhsmi Vilas Bank under the prompt corrective action framework cannot be construed as RBI having made up its mind on the lender's merger proposal with Indiabulls Housing, governor Shaktikanta Das said Friday. He also advised the all stakeholders not to draw any inferences now based on the punitive action on the South-based mid-sized lender.

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