Lakshmi Vilas to Merge With Indiabulls Housing
  • WebDesk BTVI
  • Apr 08 2019

Ajit Kumar Mittal, ED of Indiabulls Housing Finance said that the bank is the main beneficiary due to its need for capital and that the merger will significantly re-capitalise the bank. When asked if Indiabulls was merging with Lakshmi Vilas to seek a banking licence, the ED said that the bank has a strong deposit base & high penetration in South & West India.