Lakshmi Vilas Bank had dug its own grave

Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad.That's an error of......

Time is running out for Lakshmi Vilas Bank

'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.   After the Reserve Bank of India rejected Indiabulls Housing Finance Ltd's plan......

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass? T E......

Private Talent At PSU Banks Is Welcome, But...

Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff   In......