B.Ravi Pillai, NRI businessman and Head of the Gulf-based RP Group of Companies, has joined the board of directors of Kerala-based Dhanlaxmi Bank as non-independent Director.
In recent years, he had acquired 4.99 per cent of shares of the bank through preferential allotment. The Saudi-based construction tycoon Ravi Pillai is entering the banking service sector for the first time.
The 88-year-old Dhanlaxmi Bank has 280 branches and 398 ATM's across the country.