Latest Updates On Lakshmi Vilas Bank Merger: 10 Things To Know

On Thursday, the Bombay High Court refused to stay Lakshmi Vilas Bank's merger with DBS Bank India, which was set to take effect the next day. Refusing an interim relief as sought by petitioners on the proposed amalgamation, the court placed the matter for further hearing on December 14. It also directed the RBI and the government to file their responses by then. A group of LVB and Indiabulls Housing Finance promoters had filed p...