RBL Bank’s Board of Directors recently has approved the reappointment of R Subramaniakumar as the Managing Director and Chief Executive Officer (MD & CEO) for a further three-year term, effective from 23rd June, 2025. The reappointment is subject to approval from the Reserve Bank of India (RBI), with the bank set to seek regulatory clearance by submitting an application under Section 35B of the Banking Regulation Act, 1935.
Subramaniakumar, who assumed the role of MD and CEO in June 2022, made history as the second public sector banker, after Prashant Kumar, to lead a private sector bank. His leadership journey at RBL Bank began during a challenging period, when the RBI appointed an additional director to the bank’s board following the exit of former MD & CEO Vishwavir Ahuja, amid concerns over the bank’s financial health.
Before joining RBL Bank, Subramaniakumar played a key role as the administrator of Dewan Housing Finance Corporation (DHFL), overseeing its insolvency resolution, which led to DHFL becoming the first Non-Banking Financial Company (NBFC) to be referred to the National Company Law Tribunal (NCLT). DHFL was later acquired by the Piramal Group. Subramaniakumar has also served as the head of Indian Overseas Bank, a state-owned financial institution.
The reappointment underscores the board’s confidence in Subramaniakumar’s leadership, as RBL Bank continues to strengthen its presence in the competitive private banking sector.
anupam@b2bmarketmedia.com
