Indbank Merchant Banking Services Limited announced that the company has received a resignation letter dated June 12, 2020, of Shri. P.A. Krishnan, non-executive director -Nominee of Indian Bank on June 29, 2020. Shri. P.A. Krishnan, non-executive director - nominee of indian bank has resigned from the board at the closure of office hours of June 12, 2020 consequent to nomination of another director in his place. The company announced the sudden and sad demise of Shri. Sesha Sai P L V K, president and whole time director of the company on June 27, 2020.