Lakshmi Vilas Bank share price slumps 5% as RBI initiates PCA
In a regulatory filing at the BSE, Lakshmi Vilas Bank on Saturday said: "The RBI has initiated PCA on account of high net NPA, insufficient capital to risk assets weighted ratio (CRAR, also known as capital adequacy ratio CAR) and common equity tier-1, negative return on assets for two consecutive years and high leverage."
Shares of Lakshmi Vilas Bank hit the 5 per cent lower circuit on Monday, Photo: www.lvbank.com/