Sridhar Kalyanasundaram, an independent director of Dhanlaxmi Bank, has resigned from the board with effect from 16th September. Specifying the reason fpor resignation, Kalyanasundaram shed light on the apparent factionalism in the board, overruling of his inputs, stifling of his work by other members and facing wrath for working his way. He also alleged other board members of ‘a lack of in depth banking knowledge’. The resignation came after a special notice for removal of Kalyanasundaram was proposed by Ravindran Pillai(RP Group Head and largest shareholder of the bank). Currently AGM is set to take up a proposal to enhance bank capital from Rs 400 crore to Rs 500 crore. ’81 queries’ is one of the major highlighted issue which is still unresolved.