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Dhanlaxmi Bank tanks 7% after independent director quits over multiple issues

Dhanlaxmi Bank stock has given a return of 100.12 percent over the last six months. The benchmark Nifty Bank index has given a return of 17.45 percent over the same duration. ....

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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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Dhanlaxmi Bank independent director Kalyanasundaram quits citing multiple issues

Dhanlaxmi Bank has 10 Board members including two additional directors appointed by the Reserve Bank of India. The bank has been in the news for top level resignations and operational issues in the recent years. ....

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Dhanlaxmi Bank likely to propose new candidate as part-time chairman soon

Earlier the RBI had said no to a proposal by the bank to appoint G Rajagopalan Nair as its part-time chairman. ....

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MC Exclusive | RBI junks Dhanlaxmi Bank proposal for Rajagopalan Nair as part-time chairman

The Kerala-based bank doesn’t have a chairman since the resignation of G Subramonia Iyer in December 2021. Nair has been on the Bord of Dhanlaxmi Bank since August 2020 as an independent director ....

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