Shareholders of Lakshmi Vilas Bank have suggested other options for the resolution of the stressed lender, including a bidding process from prospective suitors.
According to All India Bank Officers Confederation (AIBOC) General Secretary Havinder Singh, its members will go on a one-day nationwide strike on February 29 as Mohanan, who is also AIBOC, Kerala State President, was terminated from the services of Dhanlaxmi Bank invoking draconian clause.
Bipin Kabra, chief financial officer, Dhanlaxmi Bank refutes allegations against the bank by AIBOC, on CNBC-TV18.