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  • Dhanlaxmi Bank shareholders reject appointment of statutory auditors Sep 30, 2021 04:36 PM IST

    Dhanlaxmi Bank shareholders reject appointment of statutory auditors

    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.

  • Dhanlaxmi Board seat battle: Kerala High Court asks bank to adjourn the AGM Sep 29, 2021 06:57 PM IST

    Dhanlaxmi Board seat battle: Kerala High Court asks bank to adjourn the AGM

    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.

  • RBI imposes Rs 27.5 lakh penalty on Dhanlaxmi Bank for rule violations Aug 23, 2021 07:31 PM IST

    RBI imposes Rs 27.5 lakh penalty on Dhanlaxmi Bank for rule violations

    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.

  • Dhanlaxmi Bank Standalone June 2021 Net Interest Income (NII) at Rs 79.50 crore, up  0.56% Y-o-Y Jul 28, 2021 04:55 PM IST

    Dhanlaxmi Bank Standalone June 2021 Net Interest Income (NII) at Rs 79.50 crore, up 0.56% Y-o-Y

  • All eyes on Dhanlaxmi Bank Board meeting this week; 3 new appointments, including Ravi Pillai, likely Jul 26, 2021 08:16 PM IST

    All eyes on Dhanlaxmi Bank Board meeting this week; 3 new appointments, including Ravi Pillai, likely

    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

  • Path clear for NRI businessman Ravi Pillai to rejoin Dhanlaxmi Bank's Board Jul 20, 2021 12:54 PM IST

    Path clear for NRI businessman Ravi Pillai to rejoin Dhanlaxmi Bank's Board

    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

  • Dhanlaxmi Bank Standalone March 2021 Net Interest Income (NII) at Rs 71.28 crore, down  16.67% Y-o-Y Jun 01, 2021 10:11 AM IST

    Dhanlaxmi Bank Standalone March 2021 Net Interest Income (NII) at Rs 71.28 crore, down 16.67% Y-o-Y

  • Dhanlaxmi Bank Standalone December 2020 Net Interest Income (NII) at Rs 90.65 crore, down  6.45% Y-o-Y Feb 10, 2021 01:33 PM IST

    Dhanlaxmi Bank Standalone December 2020 Net Interest Income (NII) at Rs 90.65 crore, down 6.45% Y-o-Y

  • RBI clears Dhanlaxmi Bank CEO appointment after shareholders’ nod Jan 28, 2021 07:32 PM IST

    RBI clears Dhanlaxmi Bank CEO appointment after shareholders’ nod

    On January 26, shareholders had cleared the name of Shivan JK for the position of MD & CEO

  • Dhanlaxmi shareholders approve Shivan JK’s appointment as next CEO Jan 26, 2021 02:12 PM IST

    Dhanlaxmi shareholders approve Shivan JK’s appointment as next CEO

    In September 2019, shareholders ousted former CEO Sunil Gurbaxani.

  • Dhanlaxmi Bank proposes to appoint Shivan J K as new MD & CEO Dec 26, 2020 10:47 PM IST

    Dhanlaxmi Bank proposes to appoint Shivan J K as new MD & CEO

    Earlier, Dhanlaxmi Bank shareholders had rejected the appointment of former CEO Sunil Gurbaxani.

  • Banking Central | How powerful is RBI when it comes to Bank CEO appointments? Nov 16, 2020 08:02 AM IST

    Banking Central | How powerful is RBI when it comes to Bank CEO appointments?

    The Gurbaxani case, regardless of its outcome, will set a precedent in the banking sector.

  • Dhanlaxmi Bank Standalone September 2020 Net Interest Income (NII) at Rs 88.66 crore, down  11.91% Y-o-Y Nov 05, 2020 04:11 PM IST

    Dhanlaxmi Bank Standalone September 2020 Net Interest Income (NII) at Rs 88.66 crore, down 11.91% Y-o-Y

  • RBI asked me to be patient, regulator weighing all options, says former Dhanlaxmi CEO Gurbaxani Oct 26, 2020 05:38 PM IST

    RBI asked me to be patient, regulator weighing all options, says former Dhanlaxmi CEO Gurbaxani

    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.

  • After Gurbaxani sacking by shareholders, Dhanlaxmi Bank looks for a new MD & CEO Oct 14, 2020 10:10 AM IST

    After Gurbaxani sacking by shareholders, Dhanlaxmi Bank looks for a new MD & CEO

    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

  • Banking Central | Why is the RBI silent on LVB and Dhanlaxmi Bank? Oct 05, 2020 11:48 AM IST

    Banking Central | Why is the RBI silent on LVB and Dhanlaxmi Bank?

    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?

  • Exclusive | Ousted Dhanlaxmi CEO Sunil Gurbaxani says probe is warranted into issues leading to his exit Oct 02, 2020 01:27 PM IST

    Exclusive | Ousted Dhanlaxmi CEO Sunil Gurbaxani says probe is warranted into issues leading to his exit

    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.

  • RBI appoints three-member committee of directors in Dhanlaxmi Bank Oct 01, 2020 08:01 PM IST

    RBI appoints three-member committee of directors in Dhanlaxmi Bank

    Moneycontrol first reported on Thursday morning that Dhanlaxmi Board has recommended a three-member committee of directors to the RBI.

  • Dhanlaxmi Bank’s board recommends 3-member committee of directors to RBI Oct 01, 2020 10:52 AM IST

    Dhanlaxmi Bank’s board recommends 3-member committee of directors to RBI

    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.

  • Will wait for RBI directions before resigning, says Dhanlaxmi Bank’s ousted CEO Sunil Gurbaxani Sep 30, 2020 09:43 PM IST

    Will wait for RBI directions before resigning, says Dhanlaxmi Bank’s ousted CEO Sunil Gurbaxani

    Over 90 percent of the shareholders voted against Gurbaxani’s appointment on Wednesday while a tad above 9 percent voted in favour.

  • LVB redux: Dhanlaxmi Bank shareholders oust MD and CEO Sunil Gurbaxani Sep 30, 2020 03:41 PM IST

    LVB redux: Dhanlaxmi Bank shareholders oust MD and CEO Sunil Gurbaxani

    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.

  • RBI appoints additional director on Dhanlaxmi Bank board Sep 29, 2020 07:36 PM IST

    RBI appoints additional director on Dhanlaxmi Bank board

    Dhanlaxmi Bank recently witnessed a series of exits from the Board including Chairman.

  • Rift at the top may reflect in Dhanlaxmi Bank’s AGM tomorrow Sep 29, 2020 04:46 PM IST

    Rift at the top may reflect in Dhanlaxmi Bank’s AGM tomorrow

    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.

  • Employees’ Union AIBEA seeks RBI’s ‘urgent intervention’ in Dhanlaxmi Bank Sep 27, 2020 03:44 PM IST

    Employees’ Union AIBEA seeks RBI’s ‘urgent intervention’ in Dhanlaxmi Bank

    AIBEA General Secretary CH Venkatachalam raised concerns with regards to changes in the top management at the start of 2020 and in recent months

  • Dhanlaxmi Bank sacks senior executive after RBI directive Sep 21, 2020 12:30 PM IST

    Dhanlaxmi Bank sacks senior executive after RBI directive

    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.

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