RBL Bank names Murali Ramakrishnan as an independent director for 4 years

Murali Ramakrishnan

In a strategic move aimed at bolstering its governance framework, RBL Bank, a leading private sector lender, has named Murali Ramakrishnan as its Non-Executive Independent Director. The decision, finalized during a board meeting held on April 11, 2024, underscores the bank’s commitment to reinforcing its leadership team with seasoned professionals.

Ramakrishnan’s appointment, effective immediately, is slated for a four-year tenure, subject to the ratification of the bank’s shareholders. This significant development aligns with regulatory mandates outlined in the Companies Act, 2013, and SEBI Listing Regulations, emphasizing RBL Bank‘s adherence to stringent corporate governance norms.

Bringing a wealth of experience garnered over 37 years in the Banking and Financial Services Industry (BFSI), Ramakrishnan’s credentials are impeccable. Having served as the Managing Director and Chief Executive Officer of South Indian Bank, he has demonstrated astute leadership and strategic acumen in navigating complex market landscapes.

Ramakrishnan’s expertise spans diverse domains within the banking sector, encompassing retail, small and medium-sized enterprises, corporate finance, and international business. His illustrious career includes a notable stint at ICICI Bank, where he spearheaded various business verticals and control functions, showcasing a penchant for innovation and excellence.

A Chemical Engineering graduate with a Post Graduate Diploma in Finance and Marketing from IIM Bangalore, he embodies a rare blend of technical proficiency and managerial finesse.

RBL Bank’s decision to enlist Ramakrishnan as an Independent Director underscores its unwavering commitment to fostering a culture of transparency, accountability, and prudent governance. With his appointment, the bank is poised to leverage his invaluable insights and strategic counsel to chart a sustained growth and resilience trajectory in an evolving banking landscape.

Alongside, RBL Bank has also augmented its leadership cadre by appointing Parag Kale as Chief Credit Officer-Retail & Head-Retail Collections and Kamal Sabhlok as Head of Secured and Micro-Finance Business & Credit Card Collections, further fortifying its operational capabilities and customer-centric approach.

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