CURRENT AFFAIRS

Detailed explanation-1: -The union drew parallels between the state of affairs at Dhanalakshmi Bank and the erstwhile Nedungadi Bank, which was merged with Punjab National Bank in 2003. It said the merger over 10 years ago was driven because of mismanagement, wrong investment policies and derailment of industrial relations climate.

Detailed explanation-2: -Dhanlaxmi Bank Ltd is an Indian private sector bank headquartered in Thrissur, Kerala.

Detailed explanation-3: -Dhanlaxmi Bank Ltd. was incorporated in 1927 at Thrissur, Kerala by a group of ambitious and enterprising entrepreneurs. Over the 95 years that followed, Dhanlaxmi Bank with its rich heritage has earned the trust and goodwill of clients.