RBL Bank on Saturday said that the Reserve Bank of India (RBI) has approved the appointment of R Subramaniakumar as Managing Director and CEO of the bank for a tenure of three years.
The tenure of Subramaniakumar under Section 35B of the Banking Regulation Act 1949 will commence from the date of his assumption of office.
In its regulatory filing, RBL Bank “A meeting of the Board of Directors of the Bank will be convened after completing the necessary formalities, inter alia, to approve the appointment of R Subramaniakumar as Additional Director and Managing Director and CEO of the Bank,” it said.
R Subramaniakumar is a seasoned Banker with over 40 years of experience. His banking career began with Punjab National Bank (“PNB”) in 1980 and he led the business transformation in PNB for 3 years and transformed the business especially into Digital, HR, MSME, Retail and Overseas Operations etc.
He has worked with many renowned public sector banks. He was Executive Director in Indian Bank and Indian Overseas Bank. He also held the position of Managing Director and CEO of Indian Overseas Bank. In addition, he was an administrator in Dewan Housing Finance Corporation Limited (“DHFL”) a housing finance company, and obtained its resolution. Subramaniakumar was also an independent director of UC Pension Fund.
Subramaniakumar is a Physics graduate with PGDCA (Post Graduate Diploma in Computer Application). He has acquired CISA (Certified Information Systems Audit) and CISM (Certified Information Security Manager) from ISACA, USA. Banker with CAIIB. He also holds an Advanced Banking Certificate from the University of Maryland, USA.
RBL Bank shares closed on Friday 113.35 down 0.44% on the BSE.