The Reserve Bank of India has approved the appointment of Ajith Kumar K.K as the Managing Director & CEO of Dhanlaxmi Bank for three years with effect from the date of taking charge. 

• Presently, Kumar is the Chief Human Resources Officer in Federal Bank in the cadre of President. 
• Kumar has over 36 years of experience with the Federal Bank in various facets of banking including Credit, Human Resources, Business, Branch Banking etc.
• The appointment of Kumar comes at a time when the Bank is planning a Rights Issue of up to ?300 Crore (including premium) to the eligible Shareholders.