Merger of Lakshmi Vilas Bank with Indiabulls Housing Finance Finalises

Merger of Lakshmi Vilas Bank with Indiabulls Housing Finance Finalises: As the business in non-bank lenders are surging, with this the cost of raising funds from the market was low. There is tougher market conditions brought back attention of the board of Lakshmi Vilas Bank approved to merge with Indiabulls Housing Finance (IBH) through a share swap deal. The merger will help Indiabulls get access to low-cost stable funds and an entry into banking.

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