RBI rejects merger of Indiabulls, Lakshmi Vilas Bank

Mortgage lender Indiabulls Housing Finance's plans to turn into a bank by merging with Chennai-based Lakshmi Vilas Bank received a setback on Wednesday, with the banking regulator rejecting the proposal.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2B0Rb1L