NE BUSINESS BUREAU
CHENNAI, SEPT 28
Reserve Bank of India (RBI) has approved the 3 member Committee of Directors (CoD) comprising three independent directors to look after the day-to-day operations of the Lakshmi Vilas Bank on Sunday (September 27, 2020).
According to a release issued by the bank, the CoD will exercise the discretionary powers of MD & CEO in the
ad-interim and CoD members are;
1. Meeta Makhan – Chairperson of the Committee of Directors
2. Shakti Sinha – Member
3. Satish Kumar Kalra – Member
With Liquidity Coverage Ratio (LCR) of about 262 % as on Sunday (September 27, 2020, against minimum 100 % required by RBI, the deposit-holders, bond-holders, account-holders and creditors are well safeguarded.
Lakshmi Vilas Bank will continue to share information on the developments in public domain as and when they materialise, and as required by applicable law, the release added.
