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RBI has set precedence in LVB bond write-off, will hurt other banks: Report

Updated : November 27, 2020 06:27 PM IST

In the case of LVB, which is being merged with DBS in a scheme proposed by the RBI, investments of Rs 318.20 crore in bonds issued by LVB will be written-off.
RBI has set precedence in LVB bond write-off, will hurt other banks: Report

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