Anjaneyulu steps down as Lakshmi Vilas Bank MD & CEO

Rakesh Sharma takes over as new MD & CEO

K S R Anjaneyulu has stepped down as the Managing Director and Chief Executive Officer of Lakshmi Vilas Bank Limited.

Rakesh Sharma will take over from Anjaneyulu, the bank said in a statement today.

LVB reported net profit of Rs 7.43 crore during the third quarter. Total income of the Bank for third quarter was Rs 557.25 crore, an increase of 11.78% compared to the same quarter last year.