Dhanlaxmi Bank, a private sector entity, announced on Tuesday the appointment of Ajith Kumar KK as the Managing Director. He is set to assume his role on June 20, as stated in a regulatory filing. The bank's board, in its meeting on Tuesday, ratified Ajith Kumar KK's appointment as managing director and chief executive officer for a three-year term starting from June 20, 2024, with a salary package sanctioned by the RBI as per the letter dated April 18.
The bank will seek approval of the shareholders for the said appointment within the prescribed time period in accordance with the applicable provisions of the Companies Act, 2013 and SEBI regulations, it said.
He is a seasoned banker with over 36 years of experience with the Federal Bank in various facets of banking including Credit, Human Resources, Business, Branch Banking etc.
He is presently the Chief Human Resources Officer at Federal Bank in the cadre of president, it said.
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