INSUBCONTINENT EXCLUSIVE:
These opinions were to be considered by the Nomination and Remuneration Committee of the Board, the Board of the Bank in their meetings (on)
However, prior to the commencement of the proceedings of these meetings, the Bank received the resignation of Mr
members, including Agarwal, said people familiar with the matter
He was also the chairman of the audit committee of the board after Vasant Gujarathi, the previous chairman quit in November 2018.
Agarwal is
said to have raised concerns on critical matters and also wrote a dissent note regarding decisions taken on capital raising issues
These, however, were not made public by the bank