Bad Loans Prompt India to Sanction Bank That’s Seeking Merger
The Reserve Bank of India (RBI) logo is displayed on a gate outside the central bank’s regional headquarters in New Delhi, India. (Photographer: T. Narayan/Bloomberg)

Bad Loans Prompt India to Sanction Bank That’s Seeking Merger

(Bloomberg) -- India’s central bank placed lending restrictions on Lakshmi Vilas Bank Ltd., adding to the company’s troubles after its chief executive officer abruptly quit last month and police re...
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