The private sector lender said on Tuesday reserve Bank of India (RBI) has approved the appointment of the former reserve Bank of India executive Meena Hemchandra As part time Chairman of the Bank for three years. In May, the bank had recommended to the RBI for approval of Hemchandra’s candidature for the post of non-executive independent (part-time) chairman of the bank.

“We want to inform … Reserve

Karur Vysya Bank, vide its letter dated July 11, 2022, gave its approval for the appointment of Meena Hemchandra as part-time chairman of the bank, said Karur Vysya Bank, in a regulatory filing.

It said that the tenure of Hemchandra (64) has been sanctioned for a period of 3 years from the date of assumption of charge.

He is a career banker with more than 35 years of banking experience in various departments of RBI.

Hemchandra was the Executive Director of RBI from June 2015 to November 2017.

Shares of Karur Vysya Bank were trading at Rs 47.40 per share BSEDown 0.63 percent from the previous close.

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