The Supreme Court stayed a Madras High Court order directing the Reserve Bank of India to conduct a fresh valuation of Lakshmi Vilas Bank (LVB) and DBS Bank India (DBIL) in their 2020 merger. The High Court's order included reconsideration of tier-2 bond write-offs and addressing shareholders' and bondholders' grievances.
from Banking/Finance-Industry-Economic Times https://ift.tt/SgnAZj8
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