Lakshmi Vilas Bank Limited has announced that In compliance of Regulation 30 (6) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, Bank has informed that subsequent to the approval granted by the Reserve Bank of India, the board of directors of Bank at their meeting held on Jan. 22, 2016 have co-opted Shri. Parthasarathi Mukherjee as additional director under Article 17 B of the Article of the Association of the Bank and also appointed him as the managing director & chief executive officer of the Bank for a tenure of three years effective from the date of taking charge, on the terms as approved by RBI under section 35B of the Banking Regulation Act, 1949.