Lakshmi Vilas Bank To Write Off Rs 318 Crore Debt Ahead Of DBS Merger

The Reserve Bank of India, which orchestrated the rescue, "has advised the need to fully write down" the tier-2 debt, Lakshmi Vilas Bank said in an exchange filing Thursday.

from NDTV Profit - Latest https://ift.tt/3fQBpdL
The Reserve Bank of India, which orchestrated the rescue, "has advised the need to fully write down" the tier-2 debt, Lakshmi Vilas Bank said in an exchange filing Thursday.

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