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Lakshmi Vilas Bank
November 22 , 2020
1468 days
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- The Reserve Bank of India recently imposed a moratorium on Lakshmi Vilas Bank of India for a period of thirty days.
- It is a Chennai based bank.
- The Lakshmi Vilas Bank is to be amalgamated with the DBS Bank of Singapore.
- The Banking Regulation (Amendment) Act was passed in September 2020.
- Accordingly, the RBI can take revival plans without imposing moratorium.
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