Hyderabad, April 22 -- All India Bank Employees' Association (AIBEA) on Monday urged the Reserve Bank of India (RBI) to take a holistic view after taking into account the fragile health of Lakshmi Vilas Bank (LVB) Limited and merge it with one of the public sector Banks in public interest instead of allowing it to merge with Indiabulls Housing Finance Limited.
In a letter to RBI Governor Shakthikanta Das, AIBEA General Secretary Ch Venkatachalam said there are reports in the media that the Board of Directors of Lakshmi Vilas Bank Limited has taken a decision to merge with Indiabulls Housing Finance Limited.
It is also reported that the two nominee Directors of RBI on the Board of the Bank were also present in the Board meeting and the B...