On 27th September 2020, the Reserve Bank of India (RBI) has approved that, day-to-day affair of the Bank will be run by a Committee of Directors (CoD) composed of three independent directors. This CoD will exercise the discretionary powers of MD&CEO in the ad-interim and is composed of
1. Smt. Meeta Makhan - Chairperson of the Committee of Directors
2. Shri Shakti Sinha - Member
3. Shri Satish Kumar Kalra - Member
With Liquidity Coverage Ratio (LCR) of about 262% as on 27th September 2020, against minimum 100 % required by RBI, the deposit-holders, bond-holders, account-holders and creditors are well safe guarded.
Bank will continue to share information on the developments in public domain as and when they materialise, and as required by applicable law.
Shares of LAKSHMI VILAS BANK LTD. was last trading in BSE at Rs.19.25 as compared to the previous close of Rs. 18.9. The total number of shares traded during the day was 64603 in over 351 trades.
The stock hit an intraday high of Rs. 19.6 and intraday low of 18.95. The net turnover during the day was Rs. 1245939.