On January 15, 2025, RBL Bank Ltd announced the appointment of Soma Sankara Prasad as an additional non-executive independent director. The appointment will be effective immediately, with a tenure of four years. The decision was made following the recommendations of the bank’s Nomination and Remuneration Committee and is subject to approval by shareholders.
Prasad brings with him 38 years of extensive experience in the banking sector, having held numerous prominent positions throughout his career. He has served as Managing Director (MD) and Chief Executive Officer (CEO) of UCO Bank, where he played a key role in transforming the bank’s fortunes. He has also held high-ranking positions at the State Bank of India (SBI), including Deputy Managing Director and Group Compliance Officer.
His career has spanned several key areas, such as retail banking, corporate credit, treasury operations, international banking, IT, and regulatory compliance. Additionally, he has been MD and CEO of SBI Pension Funds Pvt Ltd and CFO of SBI General Insurance Company Ltd.
Prasad is a gold medallist in his Master’s degree in Commerce from Osmania University. He also holds the Certified Associate of the Indian Institute of Bankers (CAIIB) qualification.
On January 16, 2025, RBL Bank share price traded up by 1.27% at 10:52 AM (IST) at ₹159.15, while the BSE benchmark Sensex gained 246.46 points to 76,970.54. RBL Bank’s share price reached a 52-week high of ₹291.65 on January 17, 2024, and a 52-week low of ₹147.45 on January 13, 2025. As per BSE, the total traded volume for the stock stood at 1.21 lakh shares with a turnover of ₹1.93 crore.
At the current price, GAIL India shares are trading at a price-to-earnings (P/E) ratio of 8.10x, based on its trailing 12-month earnings per share (EPS) of ₹19.41, and a price-to-book (P/B) ratio of 0.62, according to exchange data.
As of September 30, 2024, Foreign Institutional Investors (FIIs) held a 13.39% stake in Sun Pharma shares, while Domestic Institutional Investors (DIIs) owned 17.66%, and the public (Retailers) 68.54%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 16, 2025, 11:27 AM IST
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