Chennai, Sep 28 (TIWN) Private sector Lakshmi Vilas Bank on Saturday said the Reserve Bank of India (RBI) had initiated Prompt Corrective Action (PCA) against it on account of its high non-performing assets (NPA) and others.

The Economic Offences Wing of Delhi Police is probing allegations of cheating and criminal breach of trust against its directors of the board. The FIR filed is based on a complaint filed by M/s Religare Finvest Limited (RFL) pertaining to adjustment of their deposits to the dues of M/s RHC Holding Pvt Ltd and M/s Ranchem Pvt Ltd.