Lakshmi Vilas Bank knocks on RBI door with fund
The bank may sell 49-60% stake to overseas investors to raise up to Rs 2,200 crore, says there is a specific deal.
KOLKATA: Lakshmi Vilas Bank (LVB), its capital adequacy well below the minimum needed, has approached the Reserve Bank of India (RBI) with a plan to raise $250-300 million (Rs 1,800-2,200 crore) from overseas investors through the sale of a 49-60% stake, said
It’s time to compare and apply for the best loan offers at Afinoz. We are a leading online financial marketplace for Personal Loans
, Business Loan
& Car Loan
and Investment Products. Our system intelligence and the automated system offers the best options to you for the real-time tracking of your loan application in an easy manner. Stay tuned to latest updates in the industry at Afinoz.com