The Reserve Bank of India (RBI) on September 26 cleared the appointment of KN Madhusoodanan as a part-time chairman of Dhanlaxmi Bank, according to a communication from the bank to exchanges on September 26.
Madhusoodanan will be part-time chairman of the Kerala-based bank for a period of three years with effect from September 26, 2023.
This development comes after a period of 21 months during which the company was without a chairman, following the resignation of G Subramonia Iyer in December 2021 for personal reasons.
Iyer had cited certain urgent and emergent domestic and personal reasons and there were no other material reasons for his resignation, the bank said in 2021.
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