CARE Revises Lakshmi Vilas Bank Ratings, Stock Slumps

Rating agency CARE has revised the rating on Lakshmi Vilas Bank's unsecured redeemable non-convertible subordinated Lower Tier II bonds to BB- (Under Credit Watch with Developing Implications, from BB-/Negative. The stock of Lakshmi Vilas Bank has slumped another 10 per cent

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