Dhanlaxmi Bank independent director Sridhar Kalyanasundaram's resignation raises concerns over lender’s functioning
In his resignation letter, Kalyanasundaram cited alleged factionalism by board members, unethical business conduct and irregularities by managing director Shivan JK in holding board and committee meetings. But before this, minority shareholders as well as employees’ organisations had on several occasions in the recent past questioned the bank’s functioning.
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