Calming the jitters at Lakshmi Vilas Bank: why a merger with a big lender can be a better deal

Recent developments at Lakshmi Vilas Bank (LVB) have reinforced the deep-rooted trust deficit in India’s financial system, with governance lapses and mismanagement coming to the fore once again. In a rare event in the country’s corporate history, seven directors, including the promoter and the CEO of the 94-year-old private-sector lender, were ousted at an annual general meeting, as shareholder activism went on full display. A spate of such

( Originally published on Oct 01, 2020 )

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