NRI-business man Ravi Pillai, who holds a 10 percent stake in the Kerala-based Dhanlaxmi Bank, may be planning to return to the private lender’s board as a non-executive director (NED), moneycontrol reported.
The possible return follows a change in a
Reserve Bank of India's (RBI) rule that now allows non-executive directors to
remain board members till the age of 75.
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