Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers | Read
PUBLISHED ON: November 19, 2020 | Duration: 2 min, 55 sec
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs. 5 lakh.