Bank union AIBEA has urged RBI governor Shaktikanta Das to intervene into the affairs of Dhanlaxmi Bank which it alleged is “heading into wrong direction”.
Dhanlaxmi Bank (originally Dhanalakshmi Bank) is a 93-year old,small sized private Bank headquartered in Thrissur, Kerala had turned around after RBI intervention and a change in top management sometime after the disastrous spell of 2008- 2012.
The All India Bank Employees’ Association (AIBEA) in a letter to the RBI governor has claimed that the bank is looking to change its business profile, expand network in northern India and hire senior people on contractual basis at high remuneration which could land it into problems.
The bank returned to profits two years ago after posting losses for five years, the AIBEA noted in the letter.
AIBEA said it has also learnt about efforts at the bank to appoint large number of sales and senior executive on contractual and cost to company basis at much higher remuneration which will land the bank in a catastrophe and financial burden.
“We apprehend the bank cannot bear and afford at this juncture. In view of the these, we seek your personal and urgent intervention in the affairs of the bank to ensure that the bank once again does not face any bad weather,” AIBEA said in the letter.