LAKSHMI VILAS BANK CRISIS

In the past two years, India has seen some major disruptions in the banking sector. After the PMC Bank debacle and YES Bank crisis, Lakshmi Vilas Bank's future also seems to be in jeopardy. Founded in 1926 by a group of businessmen under the leadership of VSN Ramalinga Chettiar to aid small businesses, LVB later turned its focus from SMEs to large businesses. And that led to its downfall.

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