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Lakshmi Vilas Bank shares hit 5% lower circuit after RBI initiates PCA

Updated : September 30, 2019 03:44 PM IST

Lakshmi Vilas Bank shares dropped 5 percent, hitting lower circuit at Rs 34.70 on Monday.
So far this year, shares of Lakshmi Vilas Bank have declined 60 percent, while the 10-year return on the stock is also negative,down by over 40 percent.
LVB shares declined as the Reserve Bank of India placed the lender under prompt corrective action on Friday.
Lakshmi Vilas Bank shares hit 5% lower circuit after RBI initiates PCA

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