FLASH NEWS

  • 22 Aug 2019

    It is an established culture of our beloved LVBOA to call the spade as spade and the crow as the crow. Despite of all practical difficulties our organization had successfully conducted “NAME AND SHAME” at Madurai & Virudhunagar on 5th August 2018 to highlight the efforts in the recovery front. It is the first time in the history of our LVBOA.

G.S. MESSAGE

The Hindu, DT: 06th August 2018 Bank employees stage demo against bad loans STAFF REPORTER Lakshmi Vilas Bank Officers’ Association staged a demonstration here on Sunday against the mounting non-performing assets (NPAs) in the banking sector, including Lakshmi Vilas Bank (LVB). Stating that the bank was a small private sector bank, founded more than 90 years back, K.V. Tulasiram, general secretary of the association, said the bad loans were affecting both the goodwill and the balance sheet of the bank. “The bank is the custodian of public money. So the bad loans will affect both the public and employees of the bank,” he said. While the bank was trying legally to recover the bad loans, the Sunday demonstration would be the beginning of a campaign by the association to name and shame the defaulters. “We want to do our bit to help the bank recover the loans,” he added. As part of the campaign, the employees named a trader in Madurai, who has defrauded the bank to the tune of Rs. 80 crore by hiding sacks of rice husks among sacks of dall that was mortgaged. The employees said that a case was registered by CBI in this regard against proprietors of the company.

We would like to recapitulate all our members that as per the decisions of our Executive Committee the 16th Biennial Conference & 35th General Body Meeting of our beloved LVBOA is scheduled to take place at “Namma Bengaluru” on 13th & 14th October 2018. The conference is being held at Bengaluru nearly after Thirty Nine Years.

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