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.
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.
If you want to change selection, open document below and click on "Move attachment"
Unknown titleof Lakshmi Vilas Bank after superseding the board of the crippled private sector lender. A moratorium has been imposed on the bank and cash withdrawals have been capped at ₹ 25,000 per account. <span>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. 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 world that have a bearing on our health and wellbeing, ou Summary
| status | not read | | reprioritisations | |
|---|
| last reprioritisation on | | | suggested re-reading day | |
|---|
| started reading on | | | finished reading on | |
|---|
Details