LVB : Another Banking Crisis
In this episode, I invited Shankesh Jain - who is a banker by profession to analyze the turn of events that took place with Lakshmi Vilas Bank in the past few weeks. We spoke about the reason why LVB finds itself in a rut, about the other suitors for the bank before the DBS India merger deal.
We talk about what’s in it for DBS India buying a bank with a Gross NPA of 25%. And, we talk about how important it is for depositors to research about a bank before putting their hard earned money in it.