Question
The RBI has excluded Lakshmi Vilas Bank from the Second Schedule of the Reserve Bank of India Act, 1934. The Lakshmi Vilas Bank was merged with which bank?
Answer: Option C
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The RBI has excluded Lakshmi Vilas Bank from the Second Schedule of the Reserve Bank of India Act, 1934. The move was taken after the crisis-ridden Lakshmi Vilas Bank was merged with DBS Bank India Ltd.
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