RBI approves panel to run Lakshmi Vilas Bank operations, experts say bank must step up capital raise

Shriram Subramanian, founder and MD of corporate governance advisory firm InGovern Research Services, told FE that for LVB, the key focus should be to raise capital, so a transaction with Clix Capital or any other investor should be keenly pursued. On appointing a new MD & CEO, he said any new investor might want to bring in his/her own MD & CEO as well.