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RBI to examine merger proposal of Indiabulls and Lakshmi Vilas Bank

RBI to examine merger proposal of Indiabulls and Lakshmi Vilas Bank The statement comes amidst report that the presence of two nominee directors of the Reserve Bank of India (RBI) on the board of Lakshmi Vilas Bank implies the central bank#39;s indirect approval of the proposal.

from Moneycontrol Business News
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