The Reserve Bank of India (RBI) has approved R Subramaniakumar’s appointment as the MD & CEO of RBL Bank, the private lender told exchanges.
Subramaniakumar is a former managing director and chief executive director of state-run Indian Overseas Bank, retiring on June 30, 2019. He was appointed the administrator of Dewan Housing Finance Co Ltd after the mortgage financier’s board was superseded.
Subramaniakumar has been appointed at RBL for three years from the date of taking charge.
“a meeting of the Board of Directors of the Bank will be convened in due course upon the completion of requisite formalities, inter alia to approve