LVB: Grim reminder of governance problems
The RBI has acted swiftly to tackle the Lakshmi Vilas Bank crisis by proposing a merger with DBS Bank India. But a thorough review of banking supervision may be necessary.
The RBI has acted swiftly to tackle the Lakshmi Vilas Bank crisis by proposing a merger with DBS Bank India. But a thorough review of banking supervision may be necessary.
The hostilities between the government and the RBI may have eased for now, but the equation between the two sides has changed forever.