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Wednesday, 25 November 2020

Moratorium on Lakshmi Vilas Bank to be lifted on November 27

The moratorium imposed on Lakshmi Vilas Bank by the Reserve Bank of India (RBI) will cease to exist from November 27 as against December 16 notified earlier. The government on Wednesday approved the merger of LVB with DBS Bank India Ltd (DBIL) and removed restrictions on withdrawal of deposits by the accountholders.

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