Dhanlaxmi Bank’s shares saw a 3% decline after the Reserve Bank of India (RBI) grant approval for P Suriaraj’s appointment as the Executive Director of the bank for a three-year term.
P Suriaraj, a seasoned banker, brings with him over 37 years of experience from Tamilnad Mercantile Bank Ltd. Throughout his career, he held key positions, including General Manager overseeing departments like Integrated Treasury, HR, Recovery, Operations, and more. He retired as General Manager in 2024, bringing extensive leadership experience to his new role at Dhanlaxmi Bank.
Dhanlaxmi Bank’s shares opened at ₹29.31, reaching a high of ₹30.75 and a low of ₹29.31 on the trading day. The stock has experienced a significant fluctuation over the past year, with a 52-week high of ₹47.85 and a 52-week low of ₹24.25.
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