RBI rejects Indiabulls-Lakshmi Vilas Bank merger plan

The proposed merger of private sector lender Lakshmi Vilas Bank (LVB) with home financier Indiabulls Housing Finance has failed to get approval from the Reserve Bank of India (RBI).

Subramanian Swamy accuses Indiabulls of Rs 1 lakh crore fraud

Share of Indiabulls Housing slumped over 7 per cent after BJP Leader Subramanian Swamy sent a letter to PM Modi, accusing the company of Rs 1 lakh crore fraud. The company has denied any corruption.

Indiabulls: Seeking real estate business exit, profit drops

Indiabulls Real Estate profit drops as it seeks to exit business Indiabulls Real Estate, which is seeking to exit the business ahead of the proposed merger of Indiabulls Housing Finance with Lakshmi Vilas Bank, has reported sharp decline in its…