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Lakshmi Vilas Bank knocks on RBI door with fund
March 10, 2020 | By The Times of India
business
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
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