Lakshmi Vilas Bank scrip went lower by 4.96 per cent to its lower circuit level as well as one-year low of Rs 22.05 on the BSE.

LVB is under the prompt corrective action framework of RBI since last month for low levels of capital buffers.

Indiabulls Housing Finance (IBHF) stock tumbled 18.02 per cent to trade at Rs 197 on the BSE.

The bank's scrip declined 4.92 per cent to trade at Rs 34.75 apiece in afternoon deals on the BSE.

PCA is aimed at improving the performance of the bank and will not have any adverse impact on the day-to-day operations.

Religare Finvest has accused Lakshmi Vilas of misappropriating 7.9 billion rupees it kept with the bank as a fixed deposit.

The EOW’s report was based on a complaint filed by Religare Finvest Ltd.

The scrip tumbled 9.31 per cent to Rs 406.20 -- its 52-week low -- on the BSE.

On the recovery of bad loans, the bank said efforts to recover them have gained momentum.

The deal, which will give Blackstone full control of the portfolio, is expected to be concluded over the next few weeks.