Business
RBI may push headless Lakshmi Vilas Bank to merge
The unprecedented move by shareholders of Lakshmi Vilas Bank (LVB) to oust an RBI-approved CEO and directors is likely to result in the banking regulator stepping in to hasten the deal with Clix Capital or to find other bidders for the bank.
On Sunday, the Reserve Bank of India (RBI) approved constitution of a committee of three independent directors – Meeta Makhan, Shakti Sinha and Satish Kumar Kalra to manage day-to- day affairs of the bank.
A recent amendment to the Banking Regulation Act gives the RBI sweeping powers to push a merger. AION-backed Clix Capital, which is founded by Pramod Bhasin former head of GE Capital in India had initiated due diligence of the bank ahead of a merger.
LVB had initiated merger talks with Clix after RBI rejected an earlier proposal to merge with Indiabulls Housing Finance. The bank urgently needs an investor as it is facing lending restrictions for over a year from RBI under its prompt corrective action after executives came under probe for fraud in respect of fixed deposits of Religare Finvest.
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Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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