Sep 30, 2021 04:36 PM IST
The Kerala High Court on September 29 passed an interim order directing Dhanlaxmi Bank to refrain from concluding the AGM . Former directors had moved the High Court seeking judicial intervention to direct the Bank to place their candidature for the directorship of the Bank in the AGM of the Bank.
- Sep 29, 2021 06:57 PM IST
The petitioners and other former directors, including prominent investor Ravi Pillai and PK Vjayakumar, had sought Board seats. The nomination committee is understood to have cleared their names. However, the Board did not approve the appointments, leading the petitioners to move court.
- Aug 23, 2021 07:31 PM IST
The examination of the Risk Assessment Report and Inspection Report pertaining to the same revealed violation of certain provisions of the Depositor Education and Awareness Fund Scheme, the RBI said.
- Jul 28, 2021 04:55 PM IST
- Jul 26, 2021 08:16 PM IST
Pillai is one of the two major shareholder who has close to a 10 percent stake each in the Thrissur-headquartered bank. The other is CK Gopinathan
- Jul 20, 2021 12:54 PM IST
Dhanlaxmi Bank recently saw a series of changes at the top, including JK Sivan taking over as the new managing director and CEO in the place of Sunil Gurbaxani, who was ousted by the shareholders in September 2020
- Jun 01, 2021 10:11 AM IST
- Feb 10, 2021 01:33 PM IST
- Jan 28, 2021 07:32 PM IST
On January 26, shareholders had cleared the name of Shivan JK for the position of MD & CEO
- Jan 26, 2021 02:12 PM IST
In September 2019, shareholders ousted former CEO Sunil Gurbaxani.
- Dec 26, 2020 10:47 PM IST
Earlier, Dhanlaxmi Bank shareholders had rejected the appointment of former CEO Sunil Gurbaxani.
- Nov 16, 2020 08:02 AM IST
The Gurbaxani case, regardless of its outcome, will set a precedent in the banking sector.
- Nov 05, 2020 04:11 PM IST
- Oct 26, 2020 05:38 PM IST
He was ousted by shareholders at the bank’s AGM on September 30. Gurbaxani’s ouster raises debate over whether the Companies Act supersedes the RBI Act, when it comes to banks.
- Oct 14, 2020 10:10 AM IST
At the September 30 AGM, shareholders had ousted Sunil Gurbaxani, the RBI-appointed MD&CEO with over 90 per cent votes polled turning against his appointment. Following this, the RBI appointed a CoD to take interim charge
- Oct 05, 2020 11:48 AM IST
The CEOs of both the banks were ousted by shareholders within days of each other in unprecedented moves. Both CEOs were appointed by the RBI. Should the regulator make the consent of shareholders mandatory before issuing appointment orders?
- Oct 02, 2020 01:27 PM IST
Sunil Gurbaxani says allegations of supporting the ‘north lobby’ are baseless and far from the truth. “No such lobby exists,” he tells Moneycontrol in an interview.
- Oct 01, 2020 08:01 PM IST
Moneycontrol first reported on Thursday morning that Dhanlaxmi Board has recommended a
three-member committee of directors to the RBI.
- Oct 01, 2020 10:52 AM IST
The RBI is understood to have hinted that Sunil Gurbaxani should continue as a caretaker CEO but the board is not in favour of this suggestion.
- Sep 30, 2020 09:43 PM IST
Over 90 percent of the shareholders voted against Gurbaxani’s appointment on Wednesday while a tad above 9 percent voted in favour.
- Sep 30, 2020 03:41 PM IST
After last week's ouster of directors, including the interim CEO and statutory auditors, by shareholders of Lakshmi Vilas Bank, a similar event plays out at Kerala-based Dhanlaxmi Bank.
- Sep 29, 2020 07:36 PM IST
Dhanlaxmi Bank recently witnessed a series of exits from the Board including Chairman.
- Sep 29, 2020 04:46 PM IST
There is speculation that a section of Dhanlaxmi Bank shareholders could vote against the appointment of the CEO. Recently, a series of exits from the board had alerted RBI about the infighting at the top. The AGM could turn out to be quite a lively affair, a la Lakshmi Vilas Bank.
- Sep 27, 2020 03:44 PM IST
AIBEA General Secretary CH Venkatachalam raised concerns with regards to changes in the top management at the start of 2020 and in recent months
- Sep 21, 2020 12:30 PM IST
Banking regulator cites failure to adhere to good corporate governance practices. The Kerala-based bank has been in a state of flux due to a raft of exits from the board.