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Last Updated : Oct 11, 2019 08:34 AM IST | Source:

RBI has rejected Indiabulls Housing–Lakshmi Vilas Bank merger. What next?

RBI’s rejection of the deal basically indicates that it does not trust the books of non-bank companies, particularly, those with links to the real estate sector. That would have ripple effect across the sector and increases the risk of contagion as fear and a trust deficit spreads throughout the financial system.

Ravi Krishnan @writesravi

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