Friday, November 23, 2012

Lakshmi Vilas Bank CEO & MD Somasundaram resigns

......In 2010-11 AFI report, RBI observed that the chairman's post remains vacant since January 2011 following which the bank recommended the name of a director, K R Pradeep, with shareholding of 4.99% for the post. RBI, however, advised the bank to suggest two more names. Very recent, sources say that LVB has recommend other two names for the post and the RBI had to get back to the bank.......

No comments: