The RBI had last month declined to approve LVB's merger with India Bulls Housing Finance.Mumbai:Lakshmi Vilas Bank's (LVB) non-executive and non-independent director Anuradha Pradeep, has resigned from her position, after independent director Supriya Prakash Sen quit the board citing personal reasons.A statement issued by Lakshmi Vilas Bank on Friday said: "Anuradha Pradeep (Non-Executive and Non-Independent Director) has resigned from the directorship of the bank on November 01, 2019."The Reserve Bank of India had last month declined to approve the cash-strapped LVB's merger with India Bulls Housing Finance.Earlier in September, the RBI had initiated prompt corrective action (PCA) against the private sector lender.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com.
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