CURRENT AFFAIRS
CURRENT AFFAIRS
Description
Ajith Kumar KK has been appointed as Dhanlaxmi Bank's Managing Director and CEO for a three-year tenure beginning June 20, 2024. The disclosure was made in a regulatory filing by the Kerala-based private sector lender. Ajith Kumar KK provides 36 years of expertise with Federal Bank in major banking categories such as credit, human resources, business, and branch operations. He currently serves as the Chief Human Resources Officer of Federal Bank and is the president.
Appointment Details
The board of Dhanlaxmi Bank confirmed Ajith Kumar KK's nomination, subject to shareholder approval under the Companies Act of 2013 and SEBI regulations. His salary has been approved in accordance with RBI norms detailed in a letter dated April 18.
Career Background
Ajith Kumar KK's tenure at Federal Bank has provided him with a solid understanding of banking operations and strategic leadership, making him an excellent choice to lead Dhanlaxmi Bank as its new MD & CEO.
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