R Subramaniakumar: 'Bad loan expert' in the hot seat at crisis-hit RBL Bank

His appointment raises questions because ex-PSB bankers have historically taken over as heads of financial institutions with weak asset quality and governance

It is not unusual for a public sector banker to head a private sector bank. There have been several recent examples of such transitions — Prashant Kumar, who was a deputy managing director at State Bank of India, took charge of the troubled YES Bank and CVR Rajendran, former CMD of Andhra Bank, was appointed as the managing director (MD) and chief executive officer (CEO) of CSB Bank (formerly known as Catholic Syrian Bank).

So why are investors jittery about former Indian Overseas Bank CEO R Subramaniakumar’s appointment as the MD and CEO of RBL Bank? The announcement of his