Karur Vysya Bank Limited announced the appointment of Meena Hemchandra as Additional Director on the company’s Board, with effect from May 26, 2022.
According to the company’s exchange filing, “we advise that in terms of the provisions of Section 161 of the Companies Act, 2013, Board in its Meeting held today i.e., 26th May 2022 has co-opted Mrs. Meena Hemchandra as an Additional Director (Non-Executive Independent Director) of the Bank.”
Meena Hemchandra, aged 64 years, a career central banker with over 35 years of intense experience in various departments of Reserve Bank of India. She was Executive Director of Reserve Bank of India from June 2015 to November 2017. During her tenure she was in-charge of Supervision of Banks, Non-Banking Finance Companies and Cooperative Banks. As an Executive Director in Reserve Bank of India, she was involved in enhancing effectiveness of Boards of Banks and also directed preparation of a framework for assessment of Board effectiveness to support the risk based framework.
Her earlier experience includes working in Department of External Investment and Operations that manages the country’s reserves and Foreign Exchange Department. She has hands on experience in appraisal of corporate balance sheet during her tenure in departments of large corporate finance, supervision over Banks and Board tenures.
She has vast experience of over nine years as Reserve Bank of India nominee on the Boards of large PSBs – Four years as Secretary to Board of Note Mudran (currency note printing press of Reserve Bank of India) — Two and half years as RBI nominee on Board of Supervision, NABARD and on ECGC each, the statement said.
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