RBI’s swift resolution of Lakshmi Vilas Bank to keep up sector stability: S&P
S&P Global Ratings on Thursday said the Reserve Bank of India’s swift resolution of troubled Lakshmi Vilas Bank will keep virus under control and help keep up soundness in the banking system. The Reserve Bank has proposed merging Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). As a feature of the proposition, DBIL,…