Blacklisted Banks
Hi According to DSP Merryl Lynch latest report following Banks have beenblacklisted.After Global Trust Bank and South Indian Bank's collapse, this report hascome. GTB is merged with OBC but still problems will remain for depositors foratleast next 2 Yrs. Remember "Prevention is better than Cure" 1) Karnataka Bank 2) Laxmi Vilas Bank 3) Citi Union Bank 4) Dhanalaxmi Bank 5) Karur Vyasya Bank 6) Bank of Punjab 7) Federal Bank 8) Lord Krishna Bank IDBI and Kotak Mahindra bank are also found weak but after IDBI bank's merger with IDBI nothing to worry. Kotak Mahindra Bank already has support from the entire Kotak Mahindra Group, so no need to worry. Look Business India's latest issue for detail coverage and ranks of Indian banks.. So if you have account with these banks, you know what to do...
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