RBL Bank‘s board has reappointed R Subramaniakumar as Managing Director and CEO for a three-year term, starting June 23, 2025.
In a regulatory filing, the company said that as per the approval granted by the Reserve Bank of India (RBI) and shareholders of RBL Bank the current term of three years of R. Subramaniakumar as Managing Director and CEO of the Bank is from June 23, 2022 up to June 22, 2025.
Pursuant to the recommendations of the Nomination and Remuneration Committee of the Board, the Board of Directors of the Bank at its meeting held today i.e. December 16, 2024 has inter-alia considered and approved the re-appointment of Subramaniakumar as Managing Director and CEO of the Bank, for a period of three years, with effect from June 23, 2025 up to June 22, 2028 (both days inclusive) subject to the approval of RBI and the shareholders of the Bank. Accordingly, the Bank shall make an application to RBI in this regard under Section 35B of the Banking Regulation Act, 1949, it added.
Subramaniakumar is not debarred from holding the office of Director by virtue of any SEBI order or any other regulatory/statutory authority.
The company stated that Subramaniakumar has immense depth of knowledge in domains of business transformation, banking technology, risk management, innovation, NBFC management, business process re-engineering, among other areas, across organisations.
He began his banking career with Punjab National Bank (PNB) in 1980. During his 33-year tenure there, his work reflected the evolution of financial technology. As he rose through the ranks in various managerial capacities, he worked across the bank’s spectrum and geography, heading Business Transformation and especially enhancing business areas of Digital, Human Resource, MSME, Retail, Overseas Operations, among others. As part of the core team at PNB, he established Banking subsidiaries’ operations in the UK, Bhutan, Nepal and Kazakhstan. He has held various leadership roles through the course of his career at PNB, including being the Director of DRUKPNB, Bhutan.
Prior to joining RBL Bank, he was the Managing Director and CEO and Board Chairman of Indian Overseas Bank, where he spearheaded the transformation across domains. He has also held the position of Executive Director at Indian Bank and Indian Overseas Bank. He was appointed as an Administrator at Dewan Housing Finance Corporation Limited (DHFL).
