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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more