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RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank

Beleaguered bank is currently in merger talks with Clix Capital

Topics
RBI | Punjab National Bank | Lakshmi Vilas Bank

Dev Chatterjee & Abhijit Lele  |  Mumbai 



Lakshmi Vilas Bank
The bank is facing multiple investigations following its exposure to RHC Holding and Ranchem Private Ltd, owned by the Singh brothers.

The Reserve Bank of India (RBI) is learnt to have told state-owned to get ready to take over (LVB) in case the beleaguered lender’s proposed transaction with does not materialise. Apart from PNB, another public sector bank has been asked to look into the books of LVB.

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First Published: Tue, September 29 2020. 23:00 IST

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