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KM Financial Solutions | UPDATE 1-Indian central bank blocks Lakshmi Vilas-Indiabulls merger
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UPDATE 1-Indian central bank blocks Lakshmi Vilas-Indiabulls merger

08 Oct UPDATE 1-Indian central bank blocks Lakshmi Vilas-Indiabulls merger

Posted at 15:23h in News by
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Indian lender Lakshmi
Vilas Bank Ltd (LVB) said on Wednesday the central
bank had not approved its merger with Indiabulls Housing Finance
Ltd, making it the latest bank to face struggles in an
already troubled sector.

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