Lakshmi Vilas Bank directors lacked accountability: Advisory firm

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KOLKATA: Before shareholders of Lakshmi Vilas Bank threw out seven out of 10 directors, the Institutional Investor Advisory Services (IiAS) said these directors lacked accountability even as the bank’s financial parameters deteriorated over the last couple of years. “Many of these directors have rotated on-and-off. We believe that a part of the accountability for the … Read more