The Lakshmi Vilas Bank Limited Announces Resignation of Sanjay Kumar Khemani from the Directorship of the Bank

The Lakshmi Vilas Bank Limited (the Bank) is a banking company. The Bank's segments include Treasury operations, Corporate/wholesale banking operations, Retail banking operations and Other banking operations. The Bank has a network of approximately 460 branches, including a satellite branch and approximately seven extension counters, spread across approximately 20 states and the union territory of Pondicherry. It offers products, including deposits, loans, online services, non-resident Indian (NRI) services, cards, and small and medium enterprises loans. In addition, the Bank offers wealth management services, which include life Insurance, mutual funds and portfolio management services (PMS), money transfer through branch channels, money transfer through direct remittances, investment and infrastructure bonds, permanent account number (PAN) card services, depository participant services, online trading services, new pension system (NPS) and applications supported by blocked amounts.