Lakshmi Vilas Bank Withdrawal Limit

Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...

Lakshmi Vilas Bank: The government, on Tuesday, placed the private sector lender under a moratorium and capped withdrawals on recommendation of RBI in view of the bank's deteriorating financial health.

The central government on Tuesday placed the Tamil Nadu-based private sector lender Lakshmi Vilas Bank under moratorium and capped withdrawal at Rs 25,000 for one month.

Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...

Lakshmi Vilas Bank: The government, on Tuesday, placed the private sector lender under a moratorium and capped withdrawals on recommendation of RBI in view of the bank's deteriorating financial health.

The central government on Tuesday placed the Tamil Nadu-based private sector lender Lakshmi Vilas Bank under moratorium and capped withdrawal at Rs 25,000 for one month.