Dhanlakshmi Bank has informed that the term of office of G N Bajpai as director & part-time chairman of the bank expires on November 06, 2012.Further, the company has informed that RBI vide letter dated November 02, 2012 has conveyed their approval for appointment of T Y Prabhu as the part-time chairman of the bank with effect from November 07, 2012 for three years, i.e. up to November 06, 2015.
The above information is a part of company's filings submitted to BSE.