Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Apr 09, 2019 08:25 AM IST | Source: CNBC-TV18

Will ensure we tick all boxes when we go to RBI: Parthasarathi Mukherjee, MD & CEO, Lakshmi Vilas Bank

In terms of examining the risk weight assets of Indiabulls Housing Finance, Mukherjee said: "We will be examining it at great length going forward."

CNBC TV18 @moneycontrolcom

Lakshmi Vilas Bank had looked at various options and opportunities and a deal with Indiabulls Housing Finance appeared to close out earlier, said Parthasarathi Mukherjee, MD and CEO of Lakshmi Vilas Bank.

The board of Lakshmi Vilas Bank has approved its merger with Indiabulls Housing Finance. If the deal goes through, the shareholders of Lakshmi Vilas Bank will get 14 shares of Indiabulls Housing for every 100 shares held in LVB.  discussed the details.

"It is a requirement for the bank to put up an application to Reserve Bank of India (RBI) after looking at all the provisions which is something that we will now be doing. At that point in time, we will have some clarity on what are the issues that RBI would like us to examine. There are a whole host of requirements and we will ensure that we tick all the boxes when we go to RBI," he added.

Close

In terms of examining the risk weight assets of Indiabulls Housing Finance, Mukherjee said: "We will be examining it at great length going forward. It is too early to comment on this. Overall, they have an extremely profitable franchise and we certainly are expecting to see good value coming out."

Source: CNBC-TV18

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Apr 8, 2019 05:13 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant