Based on the approval received from Reserve Bank of India, the Board of Directors of Lakshmi Vilas Bank at their meeting held today i.e. 01.06.2020 have extended the tenure of appointment of Shri Subramanian Sundar as Managing Director & CEO (Interim) of the Bank till November 30, 2020 or till regular MD & CEO takes charge, whichever is earlier. Presently Shri Subramanian Sundar is the Managing Director & CEO (Interim) of The Lakshmi Vilas Bank Limited, having been appointed on 01.01.2020 till 30.04.2020, further his tenure was extended from 01.05.2020 till 31.05.2020 as per his earlier approved terms of appointment.
Shares of LAKSHMI VILAS BANK LTD. was last trading in BSE at Rs.12.6 as compared to the previous close of Rs. 12.43. The total number of shares traded during the day was 77643 in over 141 trades.
The stock hit an intraday high of Rs. 13 and intraday low of 12.46. The net turnover during the day was Rs. 980914.