Dhanlaxmi Bank has appointed Rajan T.K as an Additional Non-Executive Independent Director for a five-year term effective July 29, 2026. The Board of Directors approved the appointment during a meeting held on July 29, 2026, which commenced at 12:00 noon and concluded at 3:30 p.m. This addition to the Board strengthens the bank’s governance structure with a veteran regulator known for his expertise in cyber security and IT risk management within the banking sector.

The appointment was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dhanlaxmi Bank will seek shareholder approval for the appointment within the prescribed timeframe in accordance with the Companies Act, 2013 and applicable SEBI regulations. The bank affirmed that Rajan T.K is not debarred from holding office by any order of the Securities and Exchange Board of India or any other authority. Disclosures were made as required under SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Appointment Details

Professional Background

Rajan T.K brings over 34 years of service with the Reserve Bank of India (RBI), where he retired as Chief General Manager in-charge of Supervision of the banking sector. His tenure included significant contributions to cyber and IT risk regulation. He served as Chief General Manager of the Cyber and IT Risk Group within the Department of Supervision at RBI, where he helped establish units responsible for regulating cyber risks in the banking sector.

During his career, Rajan T.K was instrumental in introducing major regulations for cyber and IT risk areas. He oversaw the rollout of supervisory tools including IT Examinations, off-site assessment frameworks, incident reporting mechanisms, and cyber reconnaissance. He also automated supervisory processes at RBI through the introduction of DAKSH, a web-based application connecting RBI with supervised entities.

Regulatory Leadership

Rajan T.K led RBI in national committees involving stakeholders such as the Indian Cyber Crime Coordination Centre (MHA), CERT-In, Department of Telecommunications (DoT), and the National Cyber Coordinator. He represented RBI at the Financial Stability Board in Basel, Switzerland, contributing to initiatives like the development of a cyber lexicon and incident reporting framework.

He was a member of the Basel Consultative Group (BCG) of the Bank for International Settlements and served on the Board of Directors of Reserve Bank Information Technology Pvt. Ltd. (ReBIT). Additionally, he represented RBI on the boards of two private sector banks, including Dhanlaxmi Bank Limited, bringing extensive experience in both off-site and on-site supervision to his new role.

Dhanlaxmi Bank has re-appointed Rajan Sleeba as Head – Human Resources for a tenure of two years, effective August 11, 2026. The Board of Directors approved the contract-based appointment during its meeting held on July 29, 2026, which commenced at 12.00 noon and concluded at 3.30 p.m. This leadership continuity ensures stability in the bank’s human resource management framework.

The appointment aligns with regulatory disclosure requirements under SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The bank submitted the requisite details to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) on July 29, 2026. Venkatesh H, Company Secretary & Secretary to the Board, signed the communication to the exchanges.

Leadership Profile

Rajan Sleeba possesses over 40 years of experience in the banking industry, having served in various capacities including Credit, Branch Banking, and Human Resources. Of this extensive career, 21 years have been spent with Dhanlaxmi Bank. He previously held the position of Regional Head for different regions within the bank before assuming his current role as Head – Human Resources.

Sleeba holds a Master of Laws (LLM) degree and has passed the Certificate in Advanced Indian Institute of Banking and Finance (CAIIB). His background combines legal expertise with deep operational knowledge of banking functions, supporting the bank’s strategic HR initiatives.

Appointment Details

The re-appointment reflects the Board’s confidence in Sleeba’s ability to manage the bank’s human capital resources effectively. The decision was made without any reported dissent or additional conditions in the filing.