Meena Hemchandra appointed part-time chairperson of Karur Vysya Bank

13 Jul 2022 , 09:29 AM

The Reserve Bank of India (RBI) has accepted the nomination of former RBI officer Meena Hemchandra as the bank’s part-time chairman for a period of three years, private sector lender Karur Vysya Bank announced on Tuesday. Hemchandra’s application for the position of non-executive independent (part-time) chairperson of the bank had been recommended by the bank to the RBI in May.

In a regulatory filing, Karur Vysya Bank stated, “We desire to inform…Reserve Bank of India via their letter dated July 11, 2022, given their consent for the appointment of Meena Hemchandra as part-time chairperson of the bank.”

It further stated that Hemchandra’s (64) term was accepted for a duration of three years beginning on the day he assumed leadership.

She has over 35 years of banking expertise in a variety of RBI areas as a career banker. From June 2015 to November 2017, Hemchandra
served as the RBI’s Executive Director.

Karur Vysya Bank shares were down 0.63% from the previous close, trading at Rs47.40 per share on the BSE.