Business Standard

Beleaguered LVB suffers yet another top-level exit as CFO puts in papers

S Sundar follows at least three other senior executives, including former CEO Parthasarathi Mukherjee, who quit in August

Lakshmi Vilas Bank
Premium

BS Reporter Chennai
Lakshmi Vilas Bank has had another top level exit with Chief Financial Officer S Sundar having resigned from the post on Tuesday. 

The bank, which has been facing a massive crisis, has seen quite a few resignations in the Board and in the top management this year. 

In August, the Bank's then Chief Executive Officer Parthasarathi Mukherjee resigned from the position citing personal reasons.

He was followed by Supriya Prakash Sen, an independent director who resigned from the Board in October, an Anuradha Pradeep, a non-executive, non-independent dof the Bank who quit on November 1.

It mau be recalled that

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in