Which bank next on the RBI radar?

If shareholders can throw the chairman and MD out, where is the sanctity of the RBI approval for such appointments?

At the post-monetary policy press conference on Friday, Reserve Bank of India (RBI) Governor Shaktikanta Das reiterated the central bank’s commitment to do “whatever is necessary” for financial sector stability. The recent rehabilitation of YES Bank Ltd and Lakshmi Vilas Bank Ltd is a testimony to this commitment.

Das also spoke about the central bank’s focus on strengthening regulations and deepening its supervision, while Deputy Governor M K Jain outlined the “unprecedented” steps taken in the past few years to make the RBI’s inspection and supervision stronger.

Is it time to take a close look at the 93-year-old Thrissur-headquartered Dhanlaxmi Bank Ltd?