The board of Lakshmi Vilas Bank Ltd. (LVB) has co-opted S. Sundar as the additional director of the bank. He has also been appointed as interim managing director and CEO (wholetime director) of the bank with effect from January 1,2020 to April 30,2020 or till regular MD& CEO assumes charge, whichever is earlier. Earlier, the bank had announced the resignation of Mr. Sundar as its chief financial officer (CFO). Since then, the bank shares had been falling. On Monday, the bank shares were quoted at ₹17.25, a fall of 1.43%, on the BSE.

Source: The Hindu December 31, 2019 17:25 UTC