Lakshmi Vilas Bank: The rise and fall of a 94-yr-old troubled bank from Tamil Nadu


The Economic Times

Dated: November 18, 2020

 By: Mamtha Asokan


Synopsis

​​While RBI rejected the Indiabulls offer, Clix Capital offer was stuck on valuation issues. Clix Capital had valued their loan book at Rs 4200 crore, while LVB valued it at Rs 1,200-Rs 1,300 crore, creating a mismatch of over Rs 2,500-Rs 3,000 crore.



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