Lakshmi Vilas Bank share price tanks over 55 pct in 7 trading sessions
The government has placed Lakshmi Vilas Bank (LVB) under one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor. The step was taken on the advice of the Reserve Bank of India, in view of the declining financial health of the private sector lender.
The step was taken on the advice of the Reserve Bank of India, in view of the declining financial health of the private sector lender: ANI