India places troubled lender Lakshmi Vilas Bank under moratorium

  • Reuters
  • Stock Market News
India places troubled lender Lakshmi Vilas Bank under moratorium
Credit: © Reuters.

BENGALURU, Nov 17 (Reuters) - India has placed private-sector lender Lakshmi Vilas Bank Ltd LVLS.NS under a moratorium and has restricted withdrawals of more than 25,000 rupees ($335.80), according to a finance ministry statement on Tuesday.

($1 = 74.4490 Indian rupees)

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