RBL Bank gets full-time MD and CEO after 6 months, know who has been appointed

The appointment comes nearly six months after Vishwavir Ahuja, the previous full-time MD, and CEO of RBL Bank, stepped down.

Private sector lender RBL Bank said on Saturday 11 June that it has appointed veteran banker R Subramaniakumar as its new Managing Director (MD) and Chief Executive Officer (CEO). This appointment is for three years. 

#OnCNBCTV18 | There has to be a strategic input during transition seen in top management. Credit cost will be well below 50% of #COVID year for a few years to come, says R Subramaniakumar of @rblbank #rblbank pic.twitter.com/keudSJbrtd

— CNBC-TV18 (@CNBCTV18Live) June 13, 2022

"The Board of Directors has approved the appointment of R Subramaniakumar to the post of Managing Director and CEO of the Bank under Section 35B of the Banking Regulation Act. 1949:" the bank said in a communication to the stock exchanges. for the next three years:' 

Brokerages की क्या है Stock पर राय, क्या खरीदारी का है अच्छा मौका?

years of experience in the Banking Industry. His career began in 1980 with Punjab National Bank (PNB). where he worked for 35 years and retired as head of business transformation there. 

Apart from this. Subramaniakumar has also been executive director in Indian Bank and Indian Overseas Bank. He was later appointed as MD and CEO of Indian Overseas Bank. Subramaniakumar was also appointed as the administrator of Dewan Housing Finance Corporation Limited (DHFL) by the Reserve Bank of India (RBI). Apart from this. he is also an Independent Director of LIC Pension Fund Limited.

Some rbl bank news on Twitter 

From Aurionpro, Berger Paints, Coal India, Deepak Nitrite, IndInfravit, RBL Bank, Strides Pharma to Vedanta, here are the stocks that will see action todayhttps://t.co/bWsmRVydFC

— Business Line (@businessline) June 13, 2022

RBL Bank shares plummeted on Monday after CLSA said the appointment of R Subramaniakumar as CEO raises several questions.https://t.co/Vjia4ZjBzP

— CNBC-TV18 (@CNBCTV18News) June 13, 2022

Coming Up | Catch Rajeev Ahuja and R. Subramaniakumar of @rblbank at 9:40 am, only on ET NOW #RBLBank #StockMarket #StocksToWatch pic.twitter.com/dSf0eFNagp

— ET NOW (@ETNOWlive) June 13, 2022

RBL Bank opens 10% lower

NSE Cash sellers over 21 lakh shares

NSE FNO sellers over 1 crore share

Big selling circuits in counter after new CEO ancmt

— Yatin Mota (@YatinMota) June 13, 2022

Shares of RBL Bank fall 15% to a 52-week low. #BQStocks

Read all #stockmarket updates: https://t.co/IbrvBdxg6s pic.twitter.com/cssZIycQ5I

— BQ Prime (@bqprime) June 13, 2022