RBI to examine merger proposal of Indiabulls and Lakshmi Vilas Bank

"It is also clarified that presence of additional directors nominated by the RBI on the Board of LVB (Lakshmi Vilas Bank) does not imply any approval of the RBI of the merger proposal", the central bank said in a statement on Saturday, adding that the directors have no view on the deal.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WQ5j6T