RBI clears K N Madhusoodanan as part-time chairman of Dhanlaxmi Bank.
Banking & Finance
The Reserve Bank of India (RBI) on Tuesday cleared the appointment of K N Madhusoodanan as a part-time chairman of Kerala-based Dhanlaxmi Bank. This comes after a period of 21 months during which the company was without a chairman, following the resignation of G Subramonia Iyer in December 2021 for personal reasons. Madhusoodanan has been an independent director with the bank since 2022. This appointment also follows the RBI's rejection of a proposal to appoint G Rajagopalan Nair as its part-time chairman. Nair has also been an independent director with the bank since August 2020.
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