South based private sector lender Dhanlaxmi Bank seems to be in a fix. The employees of the bank have shot charges against the lender for adopting window dressing measures.

The All-India Bank Officers Confederation (AIBOC) is worried that the profitability of the bank is under pressure.

The AIBOC has thus expressed its concerns in writing to regulator Reserve Bank of India.

"If the present management continues to be at the helm, the situation may deteriorate further," said G D Nadaf, general secretary, AIBOC.

The management of the bank has however quoted all such allegations to be baseless. "Dhanlaxmi Bank would like to unequivocally reiterate that all such allegations are baseless, and represent a motivated attempt by one of the employee associations de-recognised by the bank," it said.