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Dhanlaxmi Bank Director Sridhar Kalyanasundaram Resigns, Levelling Serious Charges against Board, Including Unethical Conduct

Charging Dhanlaxmi Bank Ltd s board of directors with unethical conduct, unilateral arrogation of power, lack of comprehension of issues and factionalism, independent director Sridhar Kalyanasundaram resigned just before the Bank s annual general meeting (AGM) on 30th September. ....

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'Inputs ignored': Dhanlaxmi Bank independent director resigns from board

Sridhar Kalyanasundaram, an independent director of private sector lender Dhanlaxmi Bank, has resigned from the board with effect from September 16.

In his resignation letter, Kalyanasundaram has raised issues like factionalism in the board, his differences regarding rights issue and the alleged lack of in depth banking knowledge in other members.

This comes after Ravindran Pillai, head of RP Group, who holds 9.99 per cent stake in the bank (largest shareholder), came out with a special notice for removal of Kalyanasundaram. ....

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Assam Rifles Organises Wreath Laying Ceremony In Ghaspani

Assam Rifles Organises Wreath Laying Ceremony In Ghaspani
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Dhanlaxmi Bank: 9 Shareholders Call for EGM To Suspend Powers of MD&CEO Shivan JK

A minority group of nine shareholders, constituting a shareholding of nearly 13% in Dhanlaxmi Bank, ....

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