The appointment was approved by the bank's board of directors at its meeting held on 15 June 2026 for a term of three years from the date he assumes charge. The bank said the date of taking charge will be communicated separately.

Krishnakumar is a fellow member of the Institute of Chartered Accountants of India and brings nearly three decades of banking and financial services experience. He spent 30 years at Federal Bank, including 22 years overseeing financial reporting and taxation functions, and retired as executive vice president.

Following his stint at Federal Bank, he served as chief financial officer of ESAF Financial Holdings.

The bank said Krishnakumar has extensive experience across financial reporting, taxation, compliance, capital raising and credit-related functions.

Dhanlaxmi Bank is in the business of providing banking services. The company’s standalone net profit surged 50.1% to Rs 43.49 crore in Q4 FY26 from Rs 28.98 crore in Q4 FY25. Total income jumped 30.1% YoY to Rs 512.34 crore in the quarter ended 31st March 2026.

The scrip shed 0.03% to Rs 32.13 on the BSE.