The Reserve Bank on Saturday said it will examine the merger proposal of Lakshmi Vilas Bank and Indiabulls Housing Finance Ltd. The statement comes amidst report that the presence of two nominee directors of the Reserve Bank of India (RBI) on the board of Lakshmi Vilas Bank implies the central bank's indirect approval of the proposal.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2VtkouP
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