Moratorium Imposed on Laxmi Vilas Bank, Draft Amalgamation Scheme Announced

The Laxmi Vilas Bank has been placed on a moratorium for a period of a month, starting from 17/11/2020 to 16/12/2020. Commencement or continuance of all proceedings and actions against the Bank will be put on hold during the moratorium period. However, such conditions will not prejudice the exercise of the power of the Central

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