On Tuesday, the government imposed a 30-day moratorium on Lakshmi Vilas Bank (LVB), restricting cash withdrawals at Rs 25,000 per depositor, and simultaneously announced a scheme to merge the cash-strapped lender with DBS Bank India.source https://economictimes.indiatimes.com/industry/banking/finance/banking/proposed-lvb-dbs-merger-a-remarkable-job-rbi-board-member/articleshow/79309519.cms
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