Lakshmi Vilas Bank is set to be merged with which of the following companies ........

Current GK (RBI Grade B) Banking Awareness

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Lakshmi Vilas Bank is set to be merged with which of the following companies?

PNB Housing Finance Limited

LIC Housing Finance Limited

Indiabulls Housing Finance Ltd

ICICI Housing Finance

None of these

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Explanation:

• The board of Lakshmi Vilas Bank (LVB), has approved the merger of Lakshmi Vilas Bank with Indiabulls Housing Finance Ltd in an all-stock deal. • The merged entity will be known as ‘Indiabulls Lakshmi Vilas Bank’. • This will be among the top 8 private banks in India by size and profitability