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RBI Cap Withdrawals At Rs 25000 Per Month For Lakshmi Vilas Bank Account Holders, Here Is Why

Nov 18, 2020 04:12 PM IST Business Business

RBI has capped withdrawals at Rs 25,000 a month to prevent account holders from emptying their accounts. What is happening with Lakshmi Vilas Bank is a deja vu of what happened with the PMC bank in 2019. Here is what led to this crisis and what happened next.