Lakshmi Vilas Bank nears 10-yr low; dips 22% in 5 days on RBI's PCA action

Shares of Lakshmi Vilas Bank (LVB) were locked in the 5 per cent lower circuit band for the fifth consecutive trading day at Rs 29.85 on the BSE, after the Reserve Bank of India (RBI) initiated prompt corrective action (PCA) against the bank. This stock was quoting at nearly a decade low on the exchange. 

The stock of the private lender was trading close to its all-time low price of Rs 26.08 touched on March 4, 2009. In the past five trading days, it has tanked 22 per cent, as compared to a 2 per cent decline in the S&P