Banking Vittarth

Restoration of Another Wreck: Laxmi Vilas Bank

#banking_brief_79
The untold story of Laxmi Vilas Bank which had a market cap more than Rs. 600 crore started attracting trouble when it shifted its focus from SMEs to large businesses in 2016-17.
What led the RBI to put LVB under Prompt Corrective Action (PCA) ?
What happend next ?
How did all the problems begin? What are the necessary measures taken by RBI to address these problems ? What are the implications and challenges and benefits of the merger with DBS?

All this and much more on this week’s banking brief.

Credits: Prachi Gupta Manshi Srivastava

#banking#banks#rbi#vittarth#npa#dbsbank#mergers

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