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    RBI files caveat petitions against 24 shareholders of LVB

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    The proposed merger of Lakshmi Vilas Bank (LVB) with DBS Bank India may land up in court as the Reserve Bank of India (RBI) has filed caveat petitions against 24 shareholders of LVB. The petition has been filed in High Courts across the country and in the Supreme Court, sources have told ET Now. The caveat petition was filed by the central bank on November 18, a day after it put LVB under a one-month moratorium and released the draft scheme of amalgamation for the merger of the two banks.

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