For the last 10 quarters, Lakshmi Vilas Bank has been incurring losses and the RBI subjected it to Rapid Corrective Action (PCA) in September 2019. For the first time in the history of any bank in India, the shareholders of Chennai-based Lakshmi Vilas Bank removed seven directors and auditors at …
Read More »What is making Lakshmi Vilas Bank in Chennai sick? Should Depositors Care?
