AJITH KUMAR KK NAMED DHANLAXMI CEO

Mumbai: The Reserve Bank of India (RBI) has approved the appointment of Ajith Kumar KK as the managing director and chief executive of Dhanlaxmi Bank for three years, replacing JK Shivan.

Kumar is serving as the chief human resources officer at Federal Bank, and has an experience of more than 36 years in credit, human resources, business and branch banking.

Shivan, whose term ended on January 29, was asked by RBI to continue as the MD and CEO till a successor assumed charge.

On Friday, Dhanlaxmi Bank shares ended at Rs 44.40 apiece on the BSE, up 1.37%, from the previous close.-Our Bureau