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Veteran banker R Subramaniakumar appointed as new MD, CEO of RBL Bank

By Ruchi Upadhyay 
Updated Date

New Delhi: Veteran banker with more than 40 years of experience appointed as new managing director and chief executive officer (CEO) of RBL bank on Saturday June 11.

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“We wish to inform you that the Reserve Bank of India vide its communication dated June 10, 2022, has approved the appointment of R Subramaniakumar as Managing Director & CEO of the Bank for a period of three years with effect from date of his taking charge,” RBL Bank said in a regulatory filing to the stock exchanges.

A meeting of the Board of Directors of the Bank will be convened in due course upon the completion of requisite formalities to approve the appointment of R Subramaniakumar as an Additional Director and as the Managing Director & CEO of the Bank.

The approval of the shareholders shall be obtained thereafter as per the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations, the bank said. R Subramaniakumar is a veteran banker with around 40 years of experience. He is also an Independent Director of the UC Pension Fund Limited.

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