The Elephant in the Room: Culture

It took nearly 4 years for the bank to get its financial act together and become a free bird again. Between 2003 and 2020, the bank had 7 CEOs and 5 of them did not last their full term. How will the Unluxed Me Bank get out of this mess? The simple answer is that it needs to urgently raise capital to get its house in order. But it also needs to sort out the constant battle among the shareholders, board and the management. If that doesn't happen, it won't be the last time you hear about the troubles at the 95-year-old Dhanalakshmi Bank.