Ajith Kumar to take over as Dhanlaxmi MD & CEO on June 20

THRISSUR: Ajith Kumar K K will take charge as the managing director & CEO of the Dhanlaxmi Bank on June 20, 2024 to replace the outgoing MD & CEO of the bank, Sivan JK..

The board of directors of the bank, at its meeting held on June 18, 2024, approved the appointment of Ajith Kumar K K as managing director & CEO of the bank for a period of three years with effect from June 20, 2024 and on such remuneration as approved by RBI.

“ The bank will seek approval of the shareholders of the bank for the said appointment within the prescribed time period in accordance with the applicable provisions of the Companies Act, 2013 and SEBI regulations,” the bank said in a statement.