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The stretch of the road from Ambedkar circle to catholic club via lighthouse hill, will now be known in the new name as per a notification issued by the state government.
The official new name was declared at a function held here Wednesday morning by city mayor Diwakar Pandeshwar, who unveiled the signboard bearing the popular bankers’ name.
Several guests including BJP district president Sudharshan Moodbidri and Bunts welfare trust founder-chairman Sadananda Shetty were present. The city corporations decision to rename the road in 2017 was delayed due to protests from the alumni of St Aloysius institutions and the local people who wanted to retain the earlier name. The issue was moved to the High Court when the state government ordered a status quo.
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The employees of the erstwhile Vijaya Bank had strongly argued for the renaming of the road. Mulki Sunder Ram Shetty was associated with the bank since 1946 and had been its chairman from 1962 to 1969. The Vijaya Bank has now been merged with Bank of Baroda.