Lakshmi Vilas Bank has informed that subsequent to the approval granted by the Reserve Bank of India, the Board of Directors of Bank at their meeting held on January 22, 2016 has co-opted Parthasarathi Mukherjee as Additional Director under Article 17 B of the Article of the Association of the Bank and also appointed him as the Managing Director & Chief Executive Officer of the Bank for a tenure of three years effective from the date of taking charge, on the following terms as approved by RBI under section 35B of the Banking Regulation Act, 1949.
The above information is a part of company’s filings submitted to BSE.
