The central government has slammed the customers of Lakshmi Vilas Bank. The government has fixed the limit to withdraw money from this bank. Under this, customers will be able to withdraw only 25 thousand rupees from the bank till December 16.
The Finance Ministry has given information in this regard. However, for the needs like treatment, higher education, marriage, with the permission of the Reserve Bank, you can withdraw more than 25 thousand rupees. This information has been provided by the Ministry of Finance. Earlier a similar step was taken in the case of Yes Bank and PMC Bank.
Lakshmi vilas bank is in trouble since 2019
The troubles for Lakshmi Vilas Bank started in 2019, when the Reserve Bank rejected its proposal to merge with India Bulls Housing Finance. After voting against seven directors on behalf of shareholders in September, the Reserve Bank formed a three-member committee headed by Mita Makhan to run a private bank that is struggling with cash crunch.