Confident LVB moratorium will be lifted within one month, says RBI-appointed administrator

Tamil Nadu based LVB was put under moratorium on Tuesday evening through a government notification. A few minutes later the RBI issued a draft scheme of amalgamation with DBS Bank India, the wholly owned subsidiary of DBS Bank Ltd, Singapore's largest lender.

from Banking/Finance-Industry-Economic Times https://ift.tt/2IMZTbx