Lakshmi Vilas Bank appoints B K Manjunath as part-time chairman

Lakshmi Vilas Bank on Thursday informed the stock exchange that subsequent to approval granted by the Reserve Bank of India ( RBI), the Board of Directors of the bank at their meeting have co-opted B K Manjunath as additional director in the category of Non- Executive and Independent Director.

At its meeting held on June 6, the board of directors also appointed B K Manjunath as part-time chairman for a tenure of three years.

Manjunath is a member of Institute of Chartered Accountants of India and a practicing charted accountant for the last 25 years.

He has experience and knowledge in project financing, business administration and management. Specialized with knowledge in audit, Manjunath is acting as an advisor, consultant and represented various groups of industries and MNC companies in India.

He regularly appears before various Income Tax secretariat department authorities, Income tax appellate tribunal, settlement commission etc. He had also served as an Independent director of the Bank during the period from 2008 to 2015.

-ANI