Merger With Lakshmi Vilas Bank Not A Backdoor Entry To Banking, Says Indiabulls Housing
The Indiabulls Finance Centre, developed by Indiabulls Real Estate Ltd., stands in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Merger With Lakshmi Vilas Bank Not A Backdoor Entry To Banking, Says Indiabulls Housing

Indiabulls Housing Finance Ltd. said its merger with Lakshmi Vilas Bank Ltd. wasn’t an attempt by the mortgage lender for a “backdoor entry into banking” as the regulator allows such deals.“[We] em...
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