RBI approves appointment of Mr. R Subramaniakumar as MD and CEO of RBL Bank Ltd

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The Reserve Bank of India (RBI) vide its communication dated June 10, 2022, has approved the appointment of Mr. R Subramaniakumar as Managing Director & CEO of RBL Bank Limited for a period of three years with effect from date of his taking charge, under Section 35B of the Banking Regulation Act 1949. The Board of Directors of the Bank have today taken on record the said letter.

A meeting of the Board of Directors of the Bank will be convened in due course upon the completion of requisite formalities, to approve the appointment of Mr. R Subramaniakumar as an Additional Director and as the Managing Director & CEO of the Bank and the approval of the shareholders shall be obtained thereafter as per the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations.

Mr. R Subramaniakumar is a veteran Banker with 40 years of experience.

His banking career commenced with Punjab National Bank (“PNB”) from 1980 and he headed Business Transformation at PNB for 3 years and transformed the Business especially, Digital, Human resource, MSME, Retail, Overseas operations, etc.

He was an Executive Director at Indian Bank and Indian Overseas Bank. He also held the position of Managing Director & CEO of Indian Overseas Bank. He was an Administrator at Dewan Housing Finance Corporation Limited (“DHFL”) a Housing finance Company and achieved its resolution.

He is an Independent Director of the UC Pension Fund Limited.

He is a Physics graduate with PGDCA (Post graduate diploma in computer application). He has acquired CISA (Certified information system audit) & CISM (Certified information security manager) from ISACA, USA. Banker with CAIIB. He also holds Advanced Banking Certificate from University of Maryland, USA.

Shares of RBL Bank Ltd was last trading in BSE at ₹113.35 as compared to the previous close of ₹113.85. The total number of shares traded during the day was 372672 in over 2164 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 102.05
  • Intraday low of ₹ 92.75