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# Business

Non-Exec director of Lakshmi Vilas Bank resigns

RBI in September had initiated prompt corrective action (PCA) against the private sector lender.

SNS | New Delhi | November 2, 2019 4:57 pm

Non-Exec director of Lakshmi Vilas Bank resigns

Lakshmi Vilas Bank. (Photo: Twitter/@LVBankLtd)

Lakshmi Vilas Bank’s (LVB) non-executive and non-independent director Anuradha Pradeep, has resigned from her position after independent director Supriya Prakash Sen quit the board citing personal reasons.

A statement issued by Lakshmi Vilas Bank on Friday said: “Anuradha Pradeep (Non-Executive and Non-Independent Director) has resigned from the directorship of the bank on November 01, 2019.”

The Reserve Bank of India had last month declined to approve the cash-strapped LVB’s merger with India Bulls Housing Finance. RBI in September had initiated prompt corrective action (PCA) against the private sector lender.

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(With input from agencies)

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