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Last Updated : Oct 10, 2019 07:08 PM IST | Source: Moneycontrol.com

Editor's Take | Implications of RBI quashing LVB-IBH merger

The bank was placed under the PCA framework on September 27.

Moneycontrol News @moneycontrolcom

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.

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First Published on Oct 10, 2019 07:08 pm
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