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Attempt to remove Dhanlaxmi independent director may've led to abrupt exit

In his letter addressed to the board, the largest shareholder, B Ravindran Pillai, proposed "removal of Mr Sridhar Kalyanasundaram from the board of directors", said two people aware of the development at the bank. Pillai proposed a special resolution at the annual general meeting scheduled on September 30 to remove Kalyanasundaram. ....

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Dhanlaxmi Bank independent director Sridhar Kalyanasundaram's resignation raises concerns over lender's functioning

In his resignation letter, Kalyanasundaram cited alleged factionalism by board members, unethical business conduct and irregularities by managing director Shivan JK in holding board and committee meetings. But before this, minority shareholders as well as employees organisations had on several occasions in the recent past questioned the banks functioning. ....

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Latest News | Dhanlaxmi Bank Q2 Profit Jumps to Rs 16 Cr

Get latest articles and stories on Latest News at LatestLY. Dhanlaxmi Bank on Wednesday reported a multi-fold rise in net profit at Rs 15.89 crore for September quarter 2022-23 on lower provisions for bad loans.
Latest News | Dhanlaxmi Bank Q2 Profit Jumps to Rs 16 Cr. ....

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