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Lakshmi Vilas Bank customers cannot withdraw more than 25,000

Story by Rakesh Bind 10 months ago

RBI placed the Lakshmi Vilas Bank under moratorium till December 16 2020. Lakshmi Vilas Bank has been reducing its net worth, RBI placed moratorium and said "absence of any viable strategic plan, declining advances and mounting non-performing assets (NPAs)". bank has failed to raise adequate capital to address issues around its negative net-worth.

Read more at The Times Of India

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