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The Board of Directors of Dhanlaxmi Bank Ltd, at its meeting held on February 21, 2023, has appointed Ms. Vardhini Kalyanaraman with DIN:09730053 as Additional Director Independent Category on the Board of the Bank.
A Parliamentary panel on Tuesday suggested a thorough systemic review by the Reserve Bank to pre-empt IL&FS kind of crisis, involving systemically important entities. The Standing Committee on Finance, chaired by Jayant Sinha, in its report said the resolution of IL&FS remains sub-judice before the National Company Law Appellate Tribunal (NCLAT). .delays in the resolution process not only brings a steep value erosion to the bankers and other creditors but more importantly leaves the understanding of the lacunae in the system evasive, it said. The financial crisis in IL&FS came to light after some of its group entities defaulted on debt payments. The government in October 2018 superseded its board.