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In 2020, shareholders voted to remove CEO Sunil Gurbaxani at the bank's annual general meeting, owing to governance issues at the bank. [3] In April 2024, the Reserve Bank of India approved the appointment of Ajith Kumar KK as the managing director and CEO of Dhanlaxmi Bank for three years. Kumar will succeed incumbent CEO & MD J.K. Shivan.
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
CSB Bank (formerly known as Catholic Syrian Bank Ltd) [1] — 1920 to Present; Dhanlaxmi Bank (known as Dhanalakshmi Bank before name change in 2010) — 1927 to Present [2] ESAF Small Finance Bank — 2017 to Present; Federal Bank — (In 1931 originally known as Travancore Federal Bank) [3] Kerala Bank; Kerala Gramin Bank — 2013 to Present
The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [ 1 ] The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks.
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In February 2024, Motilal Oswal Financial Services faced a cyberattack by the ransomware group LockBit, which claimed to have accessed confidential data. This breach could affect the information of over six million clients and put at risk data related to the company's asset management and investment banking operations.
Dhanlaxmi Bank, Kerala, India; Dhanalakshmi Srinivasan University, Tiruchirappalli, Tamil Nadu, India; ... This page was last edited on 27 May 2024, at 20:33 (UTC).
The National Financial Switch was launched by the IDRBT on 27 August 2004, connecting the ATMs of three banks, Corporation Bank, Bank of Baroda and ICICI Bank. [3] [4] [5] The IDRBT then worked towards bringing all major banks in India on board and by December 2009, the network had grown to connect 49,880 ATMs of 37 banks, thereby emerging as the largest network of shared ATMs in the country.