MD & CEO of CSB Bank Limited seeks early retirement

The Board of Directors of CSB Bank Limited, in their meeting held today, i.e. January 8, 2022, considered and accepted the request of Mr. C. VR. Rajendran, Managing Director & CEO, to take an early retirement from the position, to take care of his health under the advice of his physicians and further requested Mr. Rajendran to continue in the office of the Managing Director & CEO till March 31, 2022. Mr. C. VR. Rajendran has been holding the position of Managing Director & CEO since December 9, 2016 and the current term is up to December 8, 2022.

The Board further decided to constitute a search committee comprising of the Chairperson of the Nomination and Remuneration Committee and two members of the Board, to identify and evaluate candidates, from within or from outside, for the position of Managing Director & CEO.

The Board also decided to appoint an independent executive search firm in this connection to expedite the succession process.

Shares of CSB Bank Limited was last trading in BSE at Rs. 259.15 as compared to the previous close of Rs. 253.30. The total number of shares traded during the day was 27931 in over 1667 trades.

The stock hit an intraday high of Rs. 264.80 and intraday low of 253.00. The net turnover during the day was Rs. 7265756.00.

Source : Equity Bulls

Keywords

CSBBank INE679A01013 CVRRajendra MD CEO EarlyRetirement