Mumbai: The Reserve Bank of India has approved the appointment of Ajith Kumar K.K as the Managing Director and CEO of Dhanlaxmi Bank for a three-year term, effective from the date he takes charge. The bank’s board will meet in due course to approve the appointment and obtain shareholder approval as per regulatory provisions.
Earlier this year, Dhanlaxmi Bank had informed the stock exchanges that the RBI had approved an extended term for J K Shivan, MD & CEO of the bank, until his successor assumes office. Shivan’s term was to end in January 2024.
Kumar’s candidature was recommended to the RBI along with a panel of candidates for the MD&CEO position. With over 36 years of experience at Federal Bank Limited, Kumar is a seasoned banker who currently serves as President and Chief Human Resources Officer. He has been awarded the Gold award for the HR leader of the year in the category of large-scale organizations in the Economic Times Human Capital Awards. He is also a Director of Federal Operations & Services Limited, a wholly-owned subsidiary of Federal Bank Limited, on account of his employment.
More details, including the date of taking charge and other requisite details, will be informed subsequently.The Reserve Bank of India has approved the appointment of Ajith Kumar K.K as the Managing Director and CEO of the Bank for a three-year term, effective from the date he takes charge. The bank’s board will meet in due course to approve the appointment and obtain shareholder approval as per regulatory provisions.
Earlier this year, Dhanlaxmi Bank had informed the stock exchanges that the RBI had approved an extended term for J K Shivan, MD & CEO of the bank, until his successor assumes office. Shivan’s term was to end in January 2024.
Kumar’s candidature was recommended to the RBI along with a panel of candidates for the MD&CEO position. With over 36 years of experience at Federal Bank Limited, Kumar is a seasoned banker who currently serves as President and Chief Human Resources Officer. He has been awarded the Gold award for the HR leader of the year in the category of large-scale organizations in the Economic Times Human Capital Awards. He is also a Director of Federal Operations & Services Limited, a wholly-owned subsidiary of Federal Bank Limited, on account of his employment.
More details, including the date of taking charge and other requisite details, will be informed subsequently.
