 "Dhanlaxmi Bank")
All India Bank Employees Union (AIBEA) has asked the Reserve Bank of India (RBI) to intervene in the affairs of Kerala-based Dhanlaxmi Bank before it runs into problems.
The 93-year-old Dhanlaxmi Bank (originally Dhanalakshmi Bank) is a small-sized private bank with headquarters at Thrissur in Kerala. Between 2008 and 2012, the bank was facing a lot of problems regarding its performance, and was making losses.
C H Venkatachalam, general secretary, AIBEA, in his letter to the RBI Governor alleged that “in the name of modernising the bank, the then top management brought the bank to serious problems, and virtual mess”.
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