Press Enter

Share with your friends and help them crack UPSC!

Or Share on

Answer

Correct Option is Lakshmi Vilas Bank

Solution:The Reserve Bank of India (RBI) said it has excluded Lakshmi Vilas Bank (LVB) from the Second Schedule of the RBI Act after it was merged with DBS Bank India Ltd (DBIL) last year.
LVB is the second private sector bank after Yes Bank which has run into rough weather during this year. In March, capital-starved Yes Bank was placed under a moratorium. The government rescued Yes Bank by asking the state-run State Bank of India to infuse Rs 7,250 crore and take a 45 percent stake in the bank.

Get access to all of our verified questions