RBI blocks proposed merger of Lakshmi Vilas Bank with Indiabulls Housing Finance https://www.livemint.com/industry/banking/rbi-rejects-mer...
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IBULHSGFIN 
Reputation: 194,042 • Oct 10, 2019 3:14 AM
RBI blocks proposed merger of Lakshmi Vilas Bank with Indiabulls Housing Finance
This comes days after the RBI initiated a 'prompt corrective action' on Lakshmi Vilas Bank.The news could pressure the shares of LVB and Indiabulls, both of which have fallen to multi-year lows after being hit by allegations of misconduct
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