INSUBCONTINENT EXCLUSIVE:
take more time to examine the Lakshmi Vilas Bank (LVB) and India Bulls Housing Finance Ltd (IHFL) merger deal, an official source said on
Wednesday."It (LVB-IHFL merger) may take time for examination," a source said, adding the central bank may seek more information also on the
proposed merger after going through the proposals from the entities.An email sent to the RBI on the issue has not elicited any response so
The central bank should instead merge LVB with one of the public sector banks, AIBEA General Secretary C.H
Venkatachalam had said in a letter to the RBI Governor.RBI earlier said it is yet to approve Lakshmi Vilas Bank-IHFL merger
In a statement the RBI had noted that it would examine the proposal as per extant regulatory guidelines and directions.Last week, the board
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