India's Dhanlaxmi Bank shares plunge 9% after independent director quits

Dhanlaxmi Bank

18/09/2023 04:49

BENGALURU, Sept 18 (Reuters) - Shares of private lender
Dhanlaxmi Bank  DNBK.NS  dropped 9.2% on Monday, after
Independent Director Sridhar Kalyanasundaram quit over the
weekend, citing differences with the board on matters including
the bank's rights issue and capital position.
    Kalyanasundaram was appointed as independent director of the
Thrissur, Kerala-headquartered bank in December 2022.
            
    

 (Reporting by Chris Thomas in Bengaluru; Editing by Dhanya Ann
Thoppil)
 ((chris.thomas@thomsonreuters.com;))