Lakshmi Vilas Bank placed under Moratorium
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Lakshmi Vilas Bank goes under moratorium.
Breaking News | Govt brings #LakshmiVilasBank under moratorium with effect from 6 pm today until December 16. Withdrawals capped at Rs 25,000 per borrower during moratorium.
The Lakshmi Vilas Bank: RBI announces Draft Scheme of Amalgamation with DBSBankIndia.
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I think once it gets amalgamated with DBS everyone will get their money back. Not sure of shares though…Yes bank had 3 year lockin..
Can u share the full story pls
UPDATE:
SHAREHOLDERS BEWARE….VALUE IS ZERO NOW.
DEPOSITORS DONT WORRY…YOU WILL GET ALL MONEY BACK ONCE MORATORIUM ENDS.
Easier said than done bro. Fd etc, this bank had good fd rates, have also kinda become useless now. Plus noone knows when the moratorium will end. Google pmc bank.
Chutiya bna diya hai desh ko in sarkaro ne. Sabhi ko banking license de dena bad mein moratorium lga dena.
ha ha . .. where gone the fans of private banks now?
Do u mean to say all pvt banks are same?
Shareholders lost all money
Anyway to find list of banks under Reserve Bank’s Prompt Corrective Action (PCA) ?
https://finshots.in/markets/crisis-at-lakshmi-v...
This one has the list.
Why is dbs merging with such a poor bank?
Dbs will get established branch network
Bhai they promptly gave my father money despite of moratorium period on yesbank. My father worked in Odisha Secretariat before joining Administrative services.
All types of cooperative banks are covered by digc till 5 lac. Socities, maybe not. Some societies work like a nbfc here.
Another India shining example of our robust banking 🏦 system and pro-active management 😅
+🔥 and ✝️ Karma given for dp name he’s much better than kohli goli 💊😛