Amitabh Chaturvedi

Purple Finance, led by Chaturvedi, will be offering secured business loans ranging from Rs 4 lakh to Rs 10 lakh in the outskirts and tier-II cities of Maharashtra, Gujarat and Odisha.

Peerless Group sells mutual fund business to Essel Finance

Essel Finance, which offers a range of financial services and products such as SME Business Loans, said the acquisition is part of its strategy to become a financial services conglomerate.

Dhanlaxmi gets RBI's nod on MD recruit, revival in process

RBI has confirmed the appointment of P G Jayakumar, the new managing director of Dhanlaxmi Bank wherein its board had dislodged the existing management due to poor financial performance. This looks to have scorched all speculations of a possible acquisition of the troubled bank by any bigger bank.

What may have led to Dhanlaxmi Bank CEO's resignation?

Thrissur-based Dhanlaxmi Bank's chief executive officer Amitabh Chaturvedi who had joined the old generation lender in 2008 with a mandate to improve skill sets on Monday put in papers. The bank today is counted among the new generation lenders.

The scene behind the Dhanlaxmi drama!

In the week gone by, private sector lender Dhanlaxmi Bank was battling charges of financial irregularities leveled by employee union All India Banks’ Officers’ Confederation (AIBO). Shares tanked 24% to hit 52-week low at Rs 54.30 on Oct 11, the day AIBO hit the headlines.

Dhanlaxmi denies union charges, says its books are clean

"We will emerge as a new generation private sector bank as we continue to grow organically,” said Amitabh Chaturvedi, managing director and CEO of Dhanalxmi Bank.