Reserve Bank of India approves Shri. Ajith Kumar K.K as MD and CEO of Dhanlaxmi Bank

In terms of Section 35B of the Banking Regulation Act 1949, RBI has conveyed its approval for the appointment of Shri. Ajith Kumar K.K as the Managing Director & CEO of the Bank for three years with effect from the date of taking charge.

The Board of Directors of the Dhanlaxmi Bank has convened in due course to approve the appointment of Shri. Ajith Kumar K.K is the MD & CEO of the Bank and the approval of the shareholders shall be obtained thereafter as per the regulatory provisions.

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Shri. Ajith Kumar K.K is a seasoned banker with over 36 years of experience with the Federal Bank Limited in various facets of banking including Credit, Human Resources, Business, Branch Banking, etc. Presently he is the Chief Human Resources Officer in Federal Bank Limited in the cadre of President.

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He was awarded the Gold award for the HR leader of the year in the category of large-scale organizations in the Economic Times Human Capital Awards. He is also the Director of Federal Operations & Services Limited, a wholly-owned subsidiary of Federal Bank Limited, on account of his employment.

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