The Reserve Bank of India (RBI) has cleared the appointment of R Subramaniakumar as managing director and chief government officer of RBL Bank for a interval of three years, the lender stated on Saturday. Subramaniakumar has earlier overseen the insolvency technique of Dewan Housing Finance Corporation (DHFL) in his capability as administrator.
“Please note that a meeting of the board of directors of the bank will be convened in due course upon the completion of requisite formalities, inter alia to approve the appointment of Mr R Subramaniakumar as an additional director and as the managing director & CEO of the bank and the approval of the shareholders shall be obtained thereafter as per the applicable provisions of the Companies Act, 2013 and Sebi listing regulations,” RBL Bank stated in a communication to the exchanges.
The financial institution obtained the communication approving Subramaniakumar’s appointment from the RBI on Friday. Subramaniakumar has 40 years of expertise as a banker.
He began his profession at Punjab National Bank (PNB) in 1980 and went on to go enterprise transformation on the financial institution for 3 years. FE
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