He said that his top priority is to assure depositors that their money is safe and that the bank has enough liquidity to pay back the depositors.
Lakshmi Vilas Bank has ₹ 20,000 crore in deposits and ₹ 17,000 crore in advances.
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Unknown titlels have been capped at ₹ 25,000 per account. Talking to reporters, Mr. Manoharan said that he was confident of the timely merger of the bank with DBS Bank India before the December 16 deadline. <span>He said that his top priority is to assure depositors that their money is safe and that the bank has enough liquidity to pay back the depositors. Lakshmi Vilas Bank has ₹ 20,000 crore in deposits and ₹ 17,000 crore in advances. RBI will issue the final merger draft on November 20. A letter from the Editor Dear reader, We have been keeping you up-to-date with information on the developments in India and the wor Summary
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