The Lakshmi Vilas Bank Limited at board meeting held on July 30, 2020 have co-opted Dr. Y. N. Lakshminarayana Murthy as Additional Director of the Bank. Dr. Y. N. Lakshminarayana Murthy has been classified as Non- Executive & Independent Director in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, as amended.