RBI rejects proposed merger of LVB with Indiabulls

The Reserve Bank of India (RBI) on Wednesday rejected the proposed merger of Lakshmi Vilas Bank (LVB) with Indiabulls Housing Finance. The bank had sought approval from the RBI on May 7, 2019.

RBI rejects proposed merger of LVB with Indiabulls
The Reserve Bank of India (RBI) on Wednesday rejected the proposed merger of Lakshmi Vilas Bank (LVB) with Indiabulls Housing Finance. The bank had sought approval from the RBI on May 7, 2019.