RBL Financial institution on Saturday stated the Reserve Financial institution of India (RBI) has accepted the appointment of R Subramaniakumar as Managing Director and CEO of the Financial institution for 3 years tenure.
Subramaniakumar’s tenure will start from the date of his taking cost, beneath Part 35B of the Banking Regulation Act 1949.
In its regulatory submitting, RBL Financial institution stated, “a gathering of the Board of Administrators of the Financial institution will probably be convened in the end upon the completion of requisite formalities, inter alia to approve the appointment of R Subramaniakumar as an Further Director and because the Managing Director & CEO of the Financial institution.”
R Subramaniakumar is a veteran Banker with 40 years of expertise. His banking profession commenced with Punjab Nationwide Financial institution (“PNB”) in 1980 and he headed Enterprise Transformation at PNB for 3 years and remodeled the Enterprise particularly, Digital, Human Assets, MSME, Retail, and Abroad operations, and so forth.
He has labored with many famend public sector banks. He was an Govt Director at Indian Financial institution and Indian Abroad Financial institution. He additionally held the place of Managing Director & CEO of Indian Abroad Financial institution. Additionally, he was an Administrator at Dewan Housing Finance Company Restricted (“DHFL”) a housing finance firm, and achieved its decision. Subramaniakumar was additionally an Impartial Director of the UC Pension Fund.
Subramaniakumar is a Physics graduate with PGDCA (Publish graduate diploma in pc software). He has acquired CISA (Licensed info system audit) & CISM (Licensed info safety supervisor) from ISACA, USA. Banker with CAIIB. He additionally holds an Superior Banking Certificates from College of Maryland, USA.
On Friday, RBL Financial institution shares closed at ₹113.35 apiece down 0.44% on BSE.