Google News
logo
Daily Current Affairs
Which private bank has been placed under moratorium with a cap in deposit withdrawals, by the Reserve Bank of India?
A)
Ratnakar Bank
B)
Dhanlaxmi Bank
C)
Lakshmi Vilas Bank
D)
Karur Vysya Bank

Correct Answer :   Lakshmi Vilas Bank


The Reserve Bank of India has placed Lakshmi Vilas Bank (LVB) under moratorium and has capped its deposit withdrawals.
The RBI has also proposed to amalgamate the bank with DBS Bank India. This decision followed the steep deterioration of the financial position of LVB over the past three years. Due to the rise in bad loans and provisions, the bank has been witnessing heavy loans.

Published On : July 19, 2021
Advertisement