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Lakshmi Vilas Bank in crisis, Withdrawal limited to Rs 25,000

In a big development, the RBI on Tuesday placed Tamil Nadu-based private sector lender Lakshmi Vilas Bank under moratorium till December 16 this year. The RBI also and capped withdrawal at Rs 25,000 for one month.

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In a big development, the RBI on Tuesday placed Tamil Nadu-based private sector lender Lakshmi Vilas Bank under moratorium till December 16 this year. The RBI also and capped withdrawal at Rs 25,000 for one month.

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