On Sunday, September 27, 2020, the RBI had approved that day-to-day affair of the Bank will be run by a Committee of Directors (CoD) composed of three independent directors. This CoD will exercise the discretionary powers of MD and CEO in the ad-interim.
With a liquidity coverage ratio (LCR) of about 262 per cent as of September 27, 2020, against minimum 100 per cent required by RBI, the deposit-holders, bond-holders, account-holders and creditors are well safeguarded, LVB said.
At 10:55 am, the stock of LVB was trading 4 per cent lower at Rs 19.35 on the BSE, against 0.38 per cent rise in the S&P BSE Sensex. A combined 810,000 equity shares have changed hands on the counter on the NSE and BSE so far.