RBL Bank has announced that its board of directors has approved the reappointment of R Subramaniakumar as the Managing Director & CEO of the bank, effective from June 23, 2025, through June 22, 2028. The decision, taken on December 16, 2024, follows the recommendations of the Nomination and Remuneration Committee and is subject to approval from the Reserve Bank of India (RBI) and the shareholders of the bank.
Subramaniakumar’s reappointment comes after successfully navigating RBL Bank through a period of uncertainty, including the appointment of an additional director by the RBI during concerns about the bank’s financial health. Subramaniakumar’s tenure at RBL Bank has been marked by efforts to stabilize and steer the institution toward a more secure financial footing.
Prior to joining RBL Bank, Subramaniakumar served as the administrator for Dewan Housing Finance Corporation Ltd (DHFL), which was the first non-banking finance company to be referred to the National Company Law Tribunal (NCLT) for resolution. His leadership played a key role in the successful acquisition of DHFL by Piramal Group through the insolvency process. He has also held significant roles in other prominent financial institutions, including as the head of Indian Overseas Bank.
The bank will now submit its application to the RBI under Section 35B of the Banking Regulation Act, 1949, for the approval of Subramaniakumar’s reappointment.
This reappointment ensures continued leadership and stability at RBL Bank, with Subramaniakumar’s extensive experience in banking and financial resolution at the helm during an exciting phase of growth and transformation for the institution.
