No moratorium or restrictions on depositors: LVB assures customers
(WorldNews Business)

Private sector Lakshmi Vilas Bank sought to assure its customers that being put on Prompt Corrective Action does not mean a moratorium on its operations. The restrictions come at a time when a proposal for merger of LVB with Indiabulls Housing Finance is pending with the RBI. While there is no word from the regulator on it, the proposal has been cleared by the Competition Commission of India....