Categories: Appointments

R Subramaniakumar appointed as MD & CEO of RBL Bank

Reserve Bank of India (RBI) has appointed R Subramaniakumar as the MD & CEO of RBL Bank. He has been appointed at RBL for three years from the date of taking charge. He is a former managing director and chief executive director of state-run Indian Overseas Bank. He was appointed the administrator of Dewan Housing Finance Co Ltd after the mortgage financier’s board was superseded.

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About the R Subramaniakumar:

Subramaniakumar’s tenure will begin from the date of his taking charge, under Section 35B of the Banking Regulation Act 1949.
Subramaniakumar’s appointment came nearly six months after RBL Bank’s long-term MD and CEO Vishwavir Ahuja had stepped down In December 2021.
Subramaniakumar’s appointment as the RBL Bank chief comes in the backdrop of the bank reporting a net loss of Rs 74.74 crore in FY2022, as against a profit of Rs 50.77 crore in FY2021.
The RBL bank had also reportedly come under regulatory lens, with the RBI, in December 2021, appointing its chief general manager Yogesh K Dayal as an additional director of the private lender for two years.

Important takeaways for all competitive exams:

RBL Bank Headquarters: Mumbai;
RBL Bank Founded: August 1943.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.