Lakshmi Vilas Bank deposits secure: RBI

Mumbai: TN Manoharan, the RBI-appointed administrator of Lakshmi Vilas Bank, on Wednesday said depositors’ money was safe and expressed confidence of completing the lender’s merger with DBS Bank India within the deadline set by the regulator. A moratorium was imposed on the bank on Tuesday. PTI



Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Sunrise Hospital loses COVID treatment permit, Anil Neuro fined ₹2 lakh

The former was ‘overcharging’ patients while the latter did not have permission The district administration imposed a temporary ban...

TTD decentralises cottage allotment system

In a pilgrim-friendly move, the Tirumala Tirupati Devasthanams (TTD) on Monday simplified the allotment procedure of cottages and guesthouses to the devotees who have...

U.S. will boost ‘Do Not Travel’ advisories to 80% of world

The U.S. State Department said on Monday it will boost its “Do Not Travel” guidance to about 80% of countries worldwide, citing “unprecedented...

Newly-elected AMC corporator passes away

The 17th ward corporator, Chintakunta Padmavathamma(58), died on Monday morning after undergoing treatment at a hospital in Bengaluru for the past four days. Padmavathamma,...

More Articles