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Clix Capital bids for Lakshmi Vilas Bank, but will RBI play ball?

Updated : October 08, 2020 18:06:18 IST

Pramod Bhasin's Clix Group has made an indicative non-binding offer for crisis-hit Lakshmi Vilas Bank (LVB). CNBC-TV18’s Latha Venkatesh tells us about this significant move and to tell whether Clix Capital will rescue LVB and how will the regulator look at this development.

According to her, regulators are likely to look in a benign fashion at this development as Clix does not have any of those Mauritius based origins and stuff like that.

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