Nayak takes charge as chairman of LVB

Ramakant Madhav Nayak has taken charge as the new chairman and CEO of the Karur-based Lakshmi Vilas Bank Ltd (LVB).

Nayak, who was previously MD and CEO of Lord Krishna Bank, assumed duty at LVB yesterday, a bank statement said here.

Nayak started his banking career with Bank of India in 1966 and moved over to Bank of Maharashtra in October 1971. He served there till December 2002, rising to the level of general manager, it said.