RBL Bank’s Board of Directors has approved the reappointment of R Subramaniakumar as the Managing Director and Chief Executive Officer (MD & CEO) for a further period of three years, effective June 23, 2025. The reappointment is subject to approval from the Reserve Bank of India (RBI).
The bank confirmed that it will seek regulatory approval by submitting an application to the RBI under Section 35B of the Banking Regulation Act, 1935.
Subramaniakumar, who was initially appointed as MD & CEO in June 2022, became the second public sector banker after Prashant Kumar to head a private sector bank. His leadership at RBL Bank began during a challenging phase when the RBI appointed an additional director to the bank’s board, following the departure of the erstwhile MD & CEO Vishwavir Ahuja amidst concerns over the bank’s financial health.
Before joining RBL Bank, Subramaniakumar played a pivotal role as the administrator of Dewan Housing Finance Corporation Ltd (DHFL). DHFL became the first non-banking financial company (NBFC) to be referred to the National Company Law Tribunal (NCLT) for insolvency resolution and was subsequently acquired by the Piramal Group. Subramaniakumar also previously served as the head of the state-owned Indian Overseas Bank.
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The reappointment reflects the confidence of the board in Subramaniakumar’s leadership as the bank continues to strengthen its position in the private banking sector.
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