Tier II bond holders of Erstwhile Lakshmi Vilas Bank

Tier II bond holders of Erstwhile Lakshmi Vilas Bank

BE/RBINOTE/72/2020

Lakshmi Vilas Bank Tier 2 Bond holders had to lose their money to the tune of Rs. 318.20 due to the RBI’s instructions to write off this sum consequent upon the bank’s merger with DBS India Bank.  Here is a representation from IDBI Trusteeship urging RBI to compensate the LVB Bondholders.

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Author: Admin Bankedge

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