Reserve Bank of India put which bank under moratorium in November 2020?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Lakshmi Vilas Bank.
- RBI has announced a draft scheme of amalgamation for merging the troubled lender with DBS Bank after announcing the clampdown on Lakshmi Vilas Bank.
- Lakshmi Vilas Bank (LVB) was merged with DBS Bank in November 2020, following the amalgamation with DBIL due to which the IFSC & MICR codes of all branches of erstwhile LVB have changed.