{"id":239307,"date":"2020-11-18T09:43:35","date_gmt":"2020-11-18T04:13:35","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=239307"},"modified":"2020-11-18T09:46:59","modified_gmt":"2020-11-18T04:16:59","slug":"moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/","title":{"rendered":"[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan"},"content":{"rendered":"

BACKGROUND<\/span><\/h4>\n

The financial position of The Lakshmi Vilas Bank Ltd. (the bank) has undergone a steady decline with the bank incurring continuous losses over the last three years, eroding its net-worth. <\/span><\/p>\n

In absence of any viable strategic plan, declining advances and mounting non-performing assets (NPAs), the losses are expected to continue. The bank has not been able to raise adequate capital to address issues around its negative net-worth and continuing losses. Further, the bank is also experiencing the continuous withdrawal of deposits and low levels of liquidity. It has also experienced serious governance issues and practices in recent years which have led to the deterioration in its performance. The bank was placed under the Prompt Corrective Action (PCA) framework in September 2019 considering the breach of PCA thresholds as on March 31, 2019.<\/p>\n

REVIVAL EFFORTS<\/span><\/h4>\n

The Reserve Bank had been continually engaging with the bank\u2019s management to find ways to augment the capital funds to comply with the capital adequacy norms. The bank management had indicated to the Reserve Bank that it was in talks with certain investors. However, it failed to submit any concrete proposal to Reserve Bank and the bank\u2019s efforts to enhance its capital through the amalgamation of a Non-Banking Financial Company (NBFC) with itself appears to have reached a dead end. As such, the bank-led efforts through market mechanisms have not fructified. As bank-led and market-led revival efforts are a preferred option over a regulatory resolution, the Reserve Bank had made all possible efforts to facilitate such a process and gave enough opportunities to the bank\u2019s management to draw up a credible revival plan, or an amalgamation scheme, which did not materialise. In the meantime, the bank was facing regular outflow of liquidity.<\/p>\n

MORATORIUM<\/span><\/h4>\n

After taking into consideration these developments, the Reserve Bank has come to the conclusion that in the absence of a credible revival plan, with a view to protecting depositors\u2019 interest and in the interest of financial and banking stability, there is no alternative but to apply to the Central Government for imposing a moratorium under Section 45 of the Banking Regulation Act, 1949. Accordingly, after considering the Reserve Bank\u2019s request, the Central Government has imposed moratorium<\/a> for thirty days effective.<\/p>\n

ASSURANCE TO THE DEPOSITORS<\/span><\/h4>\n

The Reserve Bank assures the depositors of the bank that their interest will be fully protected and there is no need to panic. In terms of the provisions of the Banking Regulation Act, the Reserve Bank has drawn up a scheme for the bank\u2019s amalgamation with another banking company. With the approval of the Central Government, the Reserve Bank will endeavour to put the Scheme in place well before the expiry of the moratorium and thereby ensure that the depositors are not put to undue hardship or inconvenience for a period of time longer than what is absolutely necessary.<\/p>\n

The Reserve Bank has also issued certain\u00a0directions<\/a>\u00a0to the bank under section 35 A of the Act ibid.<\/p>\n

\n

Reserve Bank of India<\/strong><\/p>\n

[Dt. 17-11-2020]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

BACKGROUND The financial position of The Lakshmi Vilas Bank Ltd. (the bank) has undergone a steady decline with the bank incurring continuous <\/p>\n","protected":false},"author":8808,"featured_media":108541,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[20201,42189,44106,13451,32418,44105,22074,44107],"class_list":["post-239307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-central-government","tag-depositors","tag-ebi","tag-financial-position","tag-investors","tag-lakshmi-vilas-bank","tag-moratorium","tag-revival-plan"],"yoast_head":"\n[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan\" \/>\n<meta property=\"og:description\" content=\"BACKGROUND The financial position of The Lakshmi Vilas Bank Ltd. (the bank) has undergone a steady decline with the bank incurring continuous\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-18T04:13:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-18T04:16:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/\"},\"author\":{\"name\":\"Bhumika Indulia\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"headline\":\"[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan\",\"datePublished\":\"2020-11-18T04:13:35+00:00\",\"dateModified\":\"2020-11-18T04:16:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/\"},\"wordCount\":515,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/02\\\/RBI-1.jpg\",\"keywords\":[\"Central Government\",\"Depositors\",\"EBI\",\"financial position\",\"Investors\",\"Lakshmi Vilas Bank\",\"Moratorium\",\"Revival Plan\"],\"articleSection\":[\"Business News\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/\",\"name\":\"[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/02\\\/RBI-1.jpg\",\"datePublished\":\"2020-11-18T04:13:35+00:00\",\"dateModified\":\"2020-11-18T04:16:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/02\\\/RBI-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/02\\\/RBI-1.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/11\\\/18\\\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_1\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/","og_locale":"en_US","og_type":"article","og_title":"[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan","og_description":"BACKGROUND The financial position of The Lakshmi Vilas Bank Ltd. (the bank) has undergone a steady decline with the bank incurring continuous","og_url":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2020-11-18T04:13:35+00:00","article_modified_time":"2020-11-18T04:16:59+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/"},"author":{"name":"Bhumika Indulia","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"headline":"[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan","datePublished":"2020-11-18T04:13:35+00:00","dateModified":"2020-11-18T04:16:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/"},"wordCount":515,"commentCount":0,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg","keywords":["Central Government","Depositors","EBI","financial position","Investors","Lakshmi Vilas Bank","Moratorium","Revival Plan"],"articleSection":["Business News","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/","url":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/","name":"[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg","datePublished":"2020-11-18T04:13:35+00:00","dateModified":"2020-11-18T04:16:59+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/18\/moratorium-central-government-places-lakshmi-vilas-bank-under-moratorium-for-30-days-in-the-absence-of-a-credible-revival-plan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"[Moratorium] Central Government places Lakshmi Vilas Bank under Moratorium for 30-days in the absence of a credible revival plan"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/239307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=239307"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/239307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/108541"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=239307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=239307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=239307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}