Lakshmi Vilas CEO Parthasarathi Mukherjee quits: 30.8.2019

लक्ष्मी विलास के सीईओ पार्थसारथी मुखर्जी ने अपने पद से दिया इस्तीफा

Points to Remember:

  • Lakshmi Vilas Bank’s chief executive Parthasarathi Mukherjee quit citing personal reasons, leaving a question mark on the execution of the private-sector lender’s proposed merger with Indiabulls Housing Finance.
  • The lender’s board has accepted his resignation, the bank said in a customary filing with stock exchanges. Mukherjee
    would leave the bank on August 31, “as per his request,” the lender said in the statement.
  • Mukherjee joined the bank on January 25, 2016, and was reappointed in January this year for a period of two years. He had
    to deal with spiralling bad loans and mounting losses over the past few quarters.

About Lakshmi Vilas:

  • Founded: 1926
  • Headquarters: Chennai, Tamil Nadu

Important Possible questions based on above News:

  1. Who has stepped down from the role of CEO of Lakshmi Vilas Bank citing personal reasons? Parthasarathi Mukherjee

Read More at Economic Times

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