The Lakshmi Vilas Bank Limited appointed Shri Sundaram Shankar, General Manager, Reserve Bank of India, Hyderabad Regional Office as Additional Director on the Board in place of Shri Suvendu Pati, General Manager, Chennai Regional office for a period of two years with effect from November 18, 2019 to November 17, 2021 or till further orders. Shri Sundaram Shankar is currently serving as the General Manager, Reserve Bank of India, Hyderabad Regional Office. He has been appointed as the Additional Director on the Board of The Lakshmi Vilas Bank Limited in exercise of the powers conferred by sub-section (I) of Section 36AB of the Banking Regulation Act, 1949.