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Lakshmi Vilas Bank deposits secure: RBI

Mumbai: TN Manoharan, the RBI-appointed administrator of Lakshmi Vilas Bank, on Wednesday said depositors’ money was safe and expressed confidence of completing the lender’s merger with DBS Bank India within the deadline set by the regulator. A moratorium was imposed...

Tribune Web Desk

Updated At : 12:51 PM Nov 19, 2020 IST

Mumbai: TN Manoharan, the RBI-appointed administrator of Lakshmi Vilas Bank, on Wednesday said depositors’ money was safe and expressed confidence of completing the lender’s merger with DBS Bank India within the deadline set by the regulator. A moratorium was imposed on the bank on Tuesday. PTI

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