Mumbai: Dhanlaxmi Bank has informed the stock exchanges that the RBI has approved an extended term for J K Shivan, MD & CEO of the bank, until his successor assumes office. Shivan’s term was to end this month.The bank’s board has approved a panel of candidates for the MD&CEO position. In adherence to existing RBI norms, the bank has submitted its application to the Reserve Bank of India, including the names of the candidates awaiting approval for the new MD&CEO appointment.ExpandThere have been reports that the bank has recommended senior executives from the Federal Bank and Bank of Bahrain and Kuwait as candidates. A major challenge for a bank of Dhanlaxmi’s size is the capacity to pay…
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RBI grants extension to Shivan at Dhanlaxmi Bank until new CEO takes charge
