B K Manjunath has been appointed part-time chairman of Lakshmi Vilas Bank (LVB) for a tenure of three years. The bank has informed the stock exchange that subsequent to the approval granted by the Reserve Bank of India, LVB’s Board of Directors at a meeting held on June 6 co-opted Manjunath as additional director in the category of Non-Executive and Independent Director.
He was also appointed part-time chairman of the bank for a tenure of three years, a press release said today. Manjunath is a practising chartered accountant for the past 25 years, with experience and knowledge in project financing, business administration and management. He had served as an independent director of the bank from 2008 to 2015, it said.
The bank, founded in 1926, has a national presence serving over two million customer accounts through its 501 branches, seven extension counters and 975 ATMs in 16 States and Union Territory of Puducherry, the release said.