Tuesday, November 17, 2020

Centre places private-sector lender Lakshmi Vilas Bank under a moratorium and restricts withdrawals of more than Rs.25,000 [Read Notification]

private-sector lender -Lakshmi Vilas Bank-moratorium- withdrawals -TaxscanThe Centre has placed private-sector lender Lakshmi Vilas Bank Ltd. under a moratorium and has restricted withdrawals of more than Rs.25,000 for one month till December 16, 2020. The step was taken by the government, on the advice of the Reserve Bank of India (RBI), in view of the declining financial health of the private […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2H80iEy

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