Lakshmi Vilas Bank names S Sundar as interim MD &CEO


The board of directors of Lakshmi Vilas Bank has named the former Chief Financial Officer, S Sundar as its interim managing director & CEO (Whole Time Director). The appointment will be effective from January 1, 2020. Besides, Sundar has been co-opted as the additional director of the lender. He takes over the position after the resignation of former MD & CEO, Parthasarathi Mukherjee, who quit in August 2019.

S Sundar

Sundar is 64 and he resigned from the post of CFO in December 31, 2019.

He is a seasoned professional with years of working experience with lenders like Andhra Bank, City Union Bank and has over 40 years of experience and Lakshmi Vilas Bank. He began his stint as the CFO of Lakshmi Vilas Bank from April 2018.

Reserve Bank of India (RBI) last year turned down an amalgamation deal between the bank and Indiabulls Housing Finance.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.