Dhanlaxmi Bank Limited — Important, 17-01-2025: Updates

The Board of Directors has approved the appointment of Shri P. Suriaraj as the Executive Director of the Bank for a term of three years, starting January 20, 2025. His remuneration will be in accordance with prior RBI communication. Shri Suriaraj brings 37 years of banking experience from Tamilnad Mercantile Bank, having held leadership positions in various departments including Treasury, HR, and Operations. The Bank plans to seek shareholder approval for this appointment. This addition to the leadership team could enhance operational expertise and strategic direction, potentially benefiting the Bank's overall performance and stability moving forward.