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).

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…