 "Lakshmi Vilas Bank")
The administrator for Lakshmi Vilas Bank (LVB), appointed by the Reserve Bank of India (RBI), assured depositors on Wednesday that the bank had enough liquidity and that he was confident the moratorium would be lifted by December 16 and that withdrawal limits would also go away by then.
“There is no need to panic, every single rupee of customers is safe,” administrator T N Manoharan said a day after the 94-year old private sector lender was put under moratorium and the RBI proposed to merge it with DBS Bank’s less than two-year-old India subsidiary.
“There is no cash crunch. ATMs
