Reserve Bank of India (RBI) approved the appointment of Sunil Gurbaxani as managing director and CEO of Dhanlaxmi Bank for a period of three years. Gurbaxani is working with Axis Bank at present. Dhanlaxmi Bank was removed from the RBI Prompt Corrective Action (PCA) framework, subject to certain conditions and continuous monitoring, as the bank is found to be not breaching any of the risk thresholds of the framework.
Important takeaways for all competitive exams:
- Headquarters of Dhanlaxmi Bank: Thrissur, Kerala.
- Dhanlaxmi Bank founded: 14 November 1927.