The bank was placed under the PCA framework on September 27.
RBI rejected the merger of Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance (IBH), the bank said on October 9.
The bank was placed under the PCA framework on September 27 due to high NPAs, insufficient capital adequacy levels, negative return on assets and high leverage.Shraddha Sharma chats with Moneycontrol Deputy Executive Editor to find out why the central bank may have rejected the merger.The Great Diwali Discount!
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