Lakshmi Vilas Bank customers face crisis after RBI imposes moratorium | Ghanti Bajao

Putting another private sector bank in the moratorium, facing a financial crisis, the government has imposed several restrictions on it till December 16, including fixing the withdrawal of Rs 25,000. The Reserve Bank on Tuesday took control of Lakshmi Vilas Bank (LVB) in its hands in view of continuous financial decline. 

Laxmi Vilas Bank has more than 550 branches and more than 900 ATMs across the country.