Government caps LVB withdrawals at Rs 25,000, RBI proposes merger with DBS

In a joint operation, the Reserve Bank of India on Tuesday announced a plan to merge Lakshmi Vilas Bank (LVB) with DBS Bank India, minutes after the government imposed a moratorium on the beleaguered lender, limiting cash withdrawals to Rs 25,000 for a month.



November 18, 2020 at 04:00AM