Veteran banking leader steps down citing personal and professional commitments
Vijayalakshmi Rajaram Iyer has stepped down from her role as Non-Executive Independent Director at Aditya Birla Capital Limited with her resignation taking effect on November 27, 2025. The company stated that she is leaving the board due to personal and professional commitments which marks an important change in its corporate governance structure.
With nearly 40 years of experience in India’s banking and financial services sector Iyer previously served as Chairman and Managing Director (CMD) of Bank of India where she helped position the bank as a full-service financial institution and guided it to multiple performance and trust awards. She later served as Member (Finance & Investment) at IRDAI from 2015 to 2017 contributing to key regulatory areas including corporate governance, M&A and financial sector coordination with bodies such as RBI, SEBI and the Financial Stability Board. A graduate of M.L. Dahanukar College of Commerce with postgraduate studies from Sydenham College of Commerce she is also a certified associate of the Indian Institute of Banking and Finance.
