RBL Bank appoints R Subramaniakumar as new MD, CEO

New Delhi: Private sector lender RBL Bank on Saturday (June 11) announced the appointment of a veteran banker R Subramaniakumar as its new Managing Director and Chief Executive Officer (CEO). “We would like to inform you that the Reserve Bank of India, vide its communication dated June 10, 2022, has appointed R Subramaniakumar as the Managing Director and CEO of the Bank for a period of three years from the date of his assumption of office. RBL Bank said in a regulatory filing to the stock exchanges.

A meeting of the Board of Directors of the Bank will be convened on completion of the necessary formalities to approve the appointment of R Subramaniakumar as Additional Director and Managing Director and CEO of the Bank. (Also Read: Garena Free Fire Redeem Code Today, June 12: Check Steps To Get Free Diamond, Voucher)

Thereafter, shareholders’ approval will be obtained in accordance with the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations, the bank said. R Subramaniakumar is a seasoned banker with an experience of around 40 years. He is also an independent director of UC Pension Fund Limited. (Also read: After almost 100 days, petrol is being sold for less than Rs 100, check the rates of petrol and diesel in your city)

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