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Lakshmi Vilas Bank appoints interim managing director, CEO

India's Lakshmi Vilas Bank Ltd. appointed S. Sundar as interim managing director and CEO, effective Jan. 1.

Sundar was CFO and resigned Dec. 31, 2019, according to a same-day release. He was also appointed as an additional director of the bank.

Sundar will continue to serve in the role until the earliest of the appointment of a regular managing director and CEO or April 30. His appointment came after Parthasarathi Mukherjee resigned as managing director and CEO of the bank in late August 2019 for personal reasons.