Dhanlaxmi Bank director appointment: The bank’s board appointed Mr. T.V Rao as an Additional Director in the Non-Executive Independent category at its meeting held on August 7, 2026, according to a BSE filing made the same day. The appointment will take effect from September 1, 2026.

Mr. Rao will hold office as a Non-Executive Independent Director for three years from the effective date, subject to approval by the bank’s shareholders. Dhanlaxmi Bank said it would seek shareholder approval in due course.

The bank also affirmed that Mr. Rao has not been debarred from holding the office of director by any order of the Securities and Exchange Board of India or another such authority. The board meeting began at 11:00 am and concluded at 6:20 pm. The disclosure was submitted under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Former RBI official brings over 35 years of experience

Mr. Rao is a career central banker with more than 35 years of service at the Reserve Bank of India. His experience covers the regulation and supervision of banks and non-banking financial companies, regulatory compliance, governance, payment systems and foreign-exchange facilitation through authorised persons under the Foreign Exchange Management Act, 1999.

His professional background also includes financial inclusion, customer complaint resolution, administrative processes and human-resources management at the central bank. He retired from the RBI as Chief General Manager.

  • He represented the RBI on the board of a Grameen Bank for more than two years.
  • He has experience in formulating financial-inclusion policy.
  • He was exposed to the RBI Data Warehouse, where payment systems are operated.
  • He is a commerce graduate and holds a Master’s in Business Administration in Finance.

The profile outlines regulatory and banking-sector experience relevant to his proposed independent oversight role on Dhanlaxmi Bank’s board.

Shareholder approval to be sought

The three-year tenure remains subject to shareholder approval, which Dhanlaxmi Bank said it would seek in due course. The appointment is effective from September 1, 2026, in the Additional Director and Non-Executive Independent Director category.

The filing disclosed no relationship between Mr. Rao and the bank’s other directors. It also stated that he does not hold a directorship in any other listed company.

For investors tracking governance developments, the BSE disclosure sets out the appointee’s term, independence status and central-banking background. The filing did not provide any financial consideration connected with the appointment.