Get App
Last Updated : Jan 06, 2020 11:21 AM IST | Source:

Karur Vysya Bank share price falls as MD and CEO Seshadri resigns

The bank said Seshadri will be relieved from the services of the bank at the close of working hours on March 31, 2020.

  • bselive
  • nselive
Todays L/H

The share price of private sector lender Karur Vysya Bank fell 5 percent in the morning trade on January 6 after the resignation of Managing Director & CEO PR Seshadri.

Seshadri resigned from the Tamil Nadu-based bank on January 4, citing personal reasons. The board of directors had accepted the resignation and Seshadri would be relieved on March 31, 2020, as requested by him, the bank said.

The stock was quoting at Rs 56.70, down Rs 3.05, or 5.10 percent, on the BSE at 1103 hours.

Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only).

First Published on Jan 6, 2020 11:21 am
Follow us on