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RBI Limits Withdrawal From Lakshmi Vilas Bank At ₹25,000 Citing Bank's 'Worsening Financial Health'

The Centre on November 17 placed the Tamil Nadu-based private lender Lakshmi Vilas Bank under a moratorium, capping withdrawals at ₹ 25,000 a month. The RBI restricted withdrawals by depositors at Rs 25,000 from savings and current accounts, and expenditure on any item at Rs 50,000 per month....