Proposed LVB-DBS merger a remarkable job: RBI board member

On Tuesday, the government imposed a 30-day moratorium on Lakshmi Vilas Bank (LVB), restricting cash withdrawals at Rs 25,000 per depositor, and simultaneously announced a scheme to merge the cash-strapped lender with DBS Bank India.

from Banking/Finance-Industry-Economic Times https://ift.tt/2IH4VXd