A total of five names have been shortlisted after the interview. These names are now under the scrutiny of the RBI as the term of the existing CEO Shivan JK is set to end on January 29, 2024.
Dhanlaxmi Bank stock has given a return of 100.12 percent over the last six months. The benchmark Nifty Bank index has given a return of 17.45 percent over the same duration.
Dhanlaxmi Bank's independent director resigns citing various issues including factionalism in board financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Dhanlaxmi Bank has 10 Board members including two additional directors appointed by the Reserve Bank of India. The bank has been in the news for top level resignations and operational issues in the recent years.
Reflecting strong momentum in business, commercial banks, including one public sector lender, reported a year-on-year (YoY) growth in advances.
This was higher than or around the banking sector trend in the first quarter ended June 2023.
Bank of Maharashtra said its loans expanded by 25 per cent YoY to Rs 1.75 trillion.
This pace was much higher than the banking system s 15.4 per cent growth till June 16, 2023, according to Reserve Bank of India (RBI) data.