Dhanlaxmi Bank independent director resigns from board

 

Dhanlaxmi Bank independent director Sridhar Kalyanasundaram resigns from board

Dhanlaxmi Bank Ltd.’s independent director Sridhar Kalyanasundaram has resigned from the board with effect Sept. 16., citing “factionalism” to “unethical” business conduct. Kalyanasundaram, appointed on Dec. 5, 2022, also referred to whistle-blower issues, rights issue of the bank and the “belligerent attitude” of Shivan JK, managing director and chief executive officer, among other reasons for his exit, according to the company’s exchange filing.