Stormy Dhanlaxmi EGM on cards today under a cloud of allegations and exits

The Dhanlaxmi Bank EGM has been called by a group of eleven minority shareholders unhappy with the working of the bank, and its financials

It will be a less somnolent Sunday today in Thrissur for those interested in banking and finance. Dhanlaxmi Bank, the private sector bank with its headquarters in the Kerala city known for its temples and festivals, has an extraordinary general meeting (EGM) on Sunday that promises to be quite extraordinary as it comes in the wake of allegations, top-level exits, and shareholder activism.

The EGM has been called by a group of eleven minority shareholders unhappy with the working of the bank, and its financials. Together, they hold a sizeable 13.67 per cent of the bank’s equity. The leader of