lakshmi vilas bank

RBI-Lakshmi Vilas Bank under prompt corrective action after directors probed for an alleged scam

India’s central bank announced a regulatory action on Lakshmi Vilas Bank, the lender stated in a statement on Saturday, at the same time that police have started probing the bank’s directors for alleged misappropriation of funds. Lakshmi Vilas Bank is the latest Indian lender in India to face conflicts in an already troubled banking sector…

Read More
Finance Minister India

India seriously requires another finance minister, says Congress after Nirmala Sitharaman’s press conference.

Congress has reached out massively against Finance Minister Nirmala Sitharaman for her approach of the Indian economy and her statement that despite the global slowdown, India’s growth is higher than China and the US. Congress said the country needs a new finance minister. The Congress answered this in response to Finance Minister Nirmala Sitharaman’s press…

Read More