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RBI to examine merger proposal of Indiabulls and Lakshmi Vilas Bank

Updated : April 07, 2019 06:40 AM IST

It is clarified that the merger announcement does not have any approval of the RBI at this stage, the apex bank said in a late evening statement.
Lakshmi Vilas Bank on Friday announced it will merge with Indiabulls Housing Finance to create the eighth largest private sector lender in an all-stock deal.
RBI to examine merger proposal of Indiabulls and Lakshmi Vilas Bank
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