CSB Bank on Saturday said the Reserve Bank of India has extended the term of appointment of Madhavan Menon as the part-time Chairman of the Bank till July 21, 2020.
The private sector bank, formerly known as The Catholic Syrian Bank, in a regulatory filing said, the extension is in terms of Section 10B (1A)(i) of the Banking Regulation Act, 1949.
Menon was appointed as part-time Chairman of CSB Bank for a period of one year with effect from April 22, 2019. He is Chairman and Managing Director of Thomas Cook (India) Ltd.
In a statement issued on April 9, 2019, the Thrissur (Kerala) headquartered Bank, said the RBI accorded its approval for the appointment of Menon as Part-Time Chairman of the Bank. He has been holding the position of Non-Executive Director of the Bank since September 3, 2018, the statement added.
Menon is a nominee director of FIH- Mauritius Investments Ltd., which held 49.73 per cent stake in the Bank as at March-end 2020.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.