Shareholders of Lakshmi Vilas Bank, led by institutions, unexpectedly voted against the appointment of Sundar as chief executive as well as the reappointment of six other directors on Friday. Shareholders alleged that part of the accountability for the bank’s deteriorating performance over the past few years rested with them.source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-may-pick-lakshmi-vilas-bank-ceo-from-names-given-by-bank/articleshow/78375694.cms
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