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