RBI Approves Re-appointment of R Subramaniakumar as MD & CEO of RBL Bank

The Reserve Bank of India (RBI) has given its approval for the reappointment of R Subramaniakumar as the Managing Director & Chief Executive Officer (MD & CEO) of RBL Bank. The extension is for a three-year period starting from June 23, 2025, to June 22, 2028.

As of 10:23 AM on February 14, RBL Bank Ltd is trading at ₹162.53, down ₹2.02 (1.23%) for the day. Over the past month, the stock has risen by 5.59%, but it remains down by 35.95% over the past year.

Formal Approval from RBI

In a letter dated February 13, 2025, the RBI communicated its decision to reappoint R Subramaniakumar. The bank made this announcement in a filing, stating that it will be seeking shareholder approval for the reappointment as per the necessary regulations.

Current Leadership Details

Subramaniakumar has been serving as the MD & CEO of RBL Bank since June 23, 2022. His current term is set to conclude on June 22, 2025, following which the reappointment will come into effect, subject to shareholder approval.

Compliance with SEBI Regulations

RBL Bank confirmed that Subramaniakumar is not related to any of the bank’s Directors or Key Managerial Personnel. Additionally, he is not debarred from holding the office of Director by any SEBI order or any other regulatory authority. 

This disclosure has been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Governance

The bank stressed the reappointment and its compliance with all regulatory guidelines, the details have been made public on its official website. This aligns with the bank’s compliance with the requirements of Regulation 46(2) of SEBI Listing Regulations.

The next step for the bank is to obtain shareholder approval for the reappointment within the timelines specified. This process is part of standard corporate governance practices. Further updates regarding the reappointment process and its impact on the bank’s strategy are expected once shareholder approval is secured.

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