" What happening To Lakshmi vilas Bank as it seems like YES Banks scenario recaps"

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 On Tuesday RBI and Finance Ministry put the bank under moratorium.

Lakshmi Vilas Bank | CMP: Rs 12.45 | The stock tumbled 20 percent after Finance Ministry put the bank under moratorium, with effect from November 17 6 pm till December 16, 2020. During this time, the beleaguered bank will not be able to make any payment worth more than Rs 25,000 to its depositors without written permission from the Reserve Bank of India (RBI). As per the draft scheme of amalgamation of the Lakshmi Vilas Bank (LVB) with DBS Bank India, the entire amount of the paid-up share capital will be written off.

The stock tumbled 20 percent after Finance Ministry put the bank under a moratorium, with effect from November 17, 6 pm till December 16, 2020. During this time, the beleaguered bank will not be able to make any payment worth more than Rs 25,000 to its depositors without written permission from the Reserve Bank of India (RBI). As per the draft scheme of amalgamation of the Lakshmi Vilas Bank (LVB) with DBS Bank India, the entire amount of the paid-up share capital will be written off.

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