On December 16, 2024, RBL Bank Limited announced the re-appointment of Mr. R. Subramaniakumar as the Managing Director & CEO of the bank. This decision, which follows the recommendations of the Nomination and Remuneration Committee, comes after the approval of both the Reserve Bank of India (RBI) and RBL Bank's shareholders. The new term will begin on June 23, 2025, and will last for three years, until June 22, 2028.

The re-appointment is set to enhance the bank’s leadership and maintain continuity in its strategic vision and banking operations. The bank is expected to seek RBI’s final approval under Section 35B of the Banking Regulation Act, 1949.

Mr. R. Subramaniakumar's Leadership

Mr. Subramaniakumar has had a distinguished career in the banking sector, contributing to business transformation, risk management, and banking technology. With over 40 years of experience, he has held pivotal roles in various institutions. His leadership at Punjab National Bank (PNB), where he oversaw business transformation and expansion into international markets, laid a solid foundation for his later successes. His previous tenure at Indian Overseas Bank (IOB) and his work with Dewan Housing Finance Corporation Ltd. (DHFL) during the pandemic, further demonstrate his crisis management expertise.

Expertise and Achievements

Mr. Subramaniakumar has also held several notable board-level positions, including a director role at Indian Financial Technology & Allied Services (IFTAS) and Repco Home Finance Ltd. His leadership has garnered recognition, and he is known for his contributions to financial inclusion, technology, and retail banking. He is also a visiting faculty at various training institutes and serves on RBI committees.

Education & Certifications

Mr. Subramaniakumar’s academic credentials include a Physics graduate degree and a Post Graduate Diploma in Computer Applications (PGDCA). Additionally, he holds certifications in Information Systems Audit (CISA) and Information Security Management (CISM). His qualifications further enhance his credibility as a leader in the modern banking landscape.

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