N.S. Venkatesh, ED and CFO at IDBI Bank, is joining Lakshmi Vilas Bank as ED and wholetime director on the board of the bank. The Reserve Bank of India has approved Venkatesh’s appointment. This is the first time the central bank has cleared a second whole-time member’s post in the Karur-based lender board. Parthasarathi Mukherjee, CEO and MD of the bank, is the other full time member on board.