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Indiabulls Housing plunges 19%, Lakshmi Vilas Bank falls 5% after RBI nixes merger
The banking regulator had initiated Prompt Corrective Action (PCA) against Lakshmi Vilas Bank on September 27
:Shares of Lakshmi Vilas Bank shed 5 percent, while Indiabulls Housing Finance ended 19.5 percent lower on October 10 after Reserve Bank of India (RBI) has rejected a merger between both companies.
"This is to inform that RBI vide their letter dated October
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