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RBI initiates prompt corrective action against Lakshmi Vilas Bank

RBI initiates prompt corrective action against Lakshmi Vilas Bank The bank’s stock price dropped 4.94 percent to Rs 36.55 on September 27 — its lowest trading permissible limit for the day — on the BSE after an FIR was registered against directors of the company over allegations of various offences including cheating.

from Moneycontrol Business News
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