The Reserve Bank of India (RBI) has authorised Meena Hemchandra‘s appointment as the Karur Vysya bank‘s temporary chairperson for three years, according to private sector lender Karur Vysya Bank. Hemchandra’s application for the position of non-executive independent (part-time) chairperson of the bank had been recommended by the bank to the RBI in May.
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An Indian Scheduled Commercial Bank is Karur Vysya Bank. With its headquarters in Karur, Tamil Nadu, it has operated for 100 years and is one of the top banks in India. M. A. Venkatarama Chettiar and Athi Krishna Chettiar founded it in 1916. The bank’s main business segments are retail banking, corporate/wholesale banking, and treasury. Karur Vysya Bank offers services such corporate, personal, agricultural banking, as well as support for NRIs and MSME.
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