Lakshmi Vilas Bank shareholders vote against reappointment of top leaders

Currently, the bank has four independent directors and two RBI nominees on the board. In a major development, the shareholders of Lakshmi Vilas Bank Ltd. rejected resolutions pertaining to apppointment of seven directors including its chief executive officer at the recently 93th Annual General Meeting, expressing unhappiness over the functioning …

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Lakshmi Vilas Bank directors lacked accountability: Advisory firm

KOLKATA: Before shareholders of Lakshmi Vilas Bank threw out seven out of 10 directors, the Institutional Investor Advisory Services (IiAS) said that these directors lacked accountability even as the bank’s financial parameters deteriorated over the last couple of years. “Many of these directors have rotated on-and-off. We believe that a …

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