UPDATE 1-Indian central bank blocks Lakshmi Vilas-Indiabulls merger
Indian lender Lakshmi
Vilas Bank Ltd (LVB) said on Wednesday the central
bank had not approved its merger with Indiabulls Housing Finance
Ltd, making it the latest bank to face struggles in an
already troubled sector.
Vilas Bank Ltd (LVB) said on Wednesday the central
bank had not approved its merger with Indiabulls Housing Finance
Ltd, making it the latest bank to face struggles in an
already troubled sector.
Posted by Reuters
