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RBI rejects merger application of Indiabulls Housing Finance with Lakshmi Vilas Bank

10 Oct 2019 Evaluate

The application for voluntary amalgamation of Indiabulls Housing Finance and Indiabulls Commercial Credit with Lakshmi Vilas Bank has been rejected by Reserve bank of India (RBI).

Lakshmi Vilas Bank offers a wide range of services such as Deposits, loan, MSME, Online Services, NRI services, Wealth Management Services and Personal banking services etc.

Peers
Company Name CMP
HDFC Bank 784.50
ICICI Bank 1569.95
Axis Bank 1320.00
Kotak Mahindra Bank 481.05
Indusind Bank 904.00
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