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

13 Jun 2022 , 09:16 AM

RBL Bank has informed that the Reserve Bank of India (“RBI”) on June 10, 2022, has approved the appointment of R Subramaniakumar as Managing Director & CEO of the Bank for a period of three years with effect from date of his taking charge.

As per the regulatory filing, 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.

On Monday morning trade, RBL Bank was trading at Rs102.05 per piece lower by 9.97% on the BSE.

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