A look at how laggards like Lakshmi Vilas Bank, Federal Bank and DCB Bank are scripting a turnaround

From the debris of the Indian banking industry, a small segment of lenders – the old private sector banks – is rising like phoenix with a promise of being profitable, but on a scale that they could afford.Correction of past mistakes, availability of technology off the shelf, entry of professional managers from large banks, and availability of capital for those with a promise are all helping many laggards of the past turn around.The transformation in some of these banks is not going unnoticed at the market place with investors cherry picking...

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