RBL Bank Limited announced the appointment of R Subramaniakumar as Managing Director and Chief Executive Officer of the bank, with effect from June 23, 2022.
According to the bank’s exchange filing, “Further to our communication dated June 11, 2022, we wish to inform you that the Board of Directors at its meeting held on June 23, 2022 on the recommendations of the Nomination and Remuneration Committee has approved the appointment of Mr. R Subramaniakumar as Managing Director & CEO of the Bank for a period of three years with effect from June 23, 2022 (A/N)’. The appointment is subject to the approval of Shareholders of the Bank.”
R Subramaniakumar is a veteran Banker with 40 years of experience, across the Banking verticals and with Board level position for more than five years, including on the Board of Overseas JV Bank. His banking career commenced with Punjab National Bank (“PNB”) from 1980 and has worked on various positions from front desk to General Manager and he also headed Business Transformation at PNB for 3 years and transformed the Business especially, Digital, Human resource, MSME, Retail, Overseas operations, financial inclusion. He also headed Zone and Technology divisions apart from branch banking, Innovation and SME etc.
He was an Executive Director at Indian Bank and Indian Overseas Bank (IOB). He also held the position of Managing Director & CEO of Indian Overseas Bank. He scripted the base line for turn around of !OB by enabling the Bank to achieve highest operating profit.
He specialises in the area of Retail, MSME, Agri, Technology, Process and Automation apart from Mid-corporate and Commercial Banking. He headed BPR (Business Process Re-engineering) team at various banks and provided new strategic directions to the growth of the banks, where he worked. He was an Administrator at Dewan Housing Finance Corporation Limited (“DHFL”) a Housing finance Company and achieved its resolution, successfully.
He is a Physics graduate with PGDCA (Post graduate diploma in computer application). He has acquired CISA (Certified information system audit) & CISM (Certified information security manager) from ISACA, USA. Banker with CAIIB. He also holds Advanced Banking Certificate from University of Maryland, USA.
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