Thu. Jul 7th, 2022
Lakshmi Vilas Bank gets board#39;s approval to raise Rs 500 crore via rights issue The old-generation Chennai-based private sector bank, which has been on the lookout for an investor and capital for long, had to face a blow in late September when its shareholders voted out seven directors of its board, including CEO S Sundar and promoters K R Pradeep and N Saiprasad.