Lakshmi Vilas Bank makes its stance clear to Clix group on Religare deposit case

The Reserve Bank of India had advised the bank to maintain provisions, on a prudential basis, to cover potential losses for the "claim against the bank not acknowledged as debt." In case of an adverse judgment, the bank needs to provide an additional Rs 594 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/38otBhs