India's RBI says not yet approved Lakshmi Vilas-Indiabulls Housing merger

India's RBI says not yet approved Lakshmi Vilas-Indiabulls Housing merger

FILE PHOTO: The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui/File photo

India’s central bank said it has not yet approved a merger proposal of private-sector lender Lakshmi Vilas Bank Ltd and Indiabulls Housing Finance Ltd.

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