Lakshmi Vilas Bank crisis: Working on a back-up plan, says Shakti Sinha

Ailing private lender Lakshmi Vilas Bank is in urgent need of capital. A clear picture on the amalgamation proposal of Clix Capital group will emerge in two weeks, Shakti Sinha, director on board of LVB, told Abhijit Lele in an interview. Sinha is part of the three-member committee of directors which would exercise the discretionary powers of the MD & CEO of the bank.
 
What is future course for LVB? What are the priorities for now?
 
The process of selection of candidates for the managing director’s post is already through from our side. The committee of directors is