R Subramaniakumar Takes the Helm at RBL Bank

R Subramaniakumar is a seasoned banker with over three decades of experience in the industry. He brings a wealth of knowledge and expertise to his new role.

R Subramaniakumar has taken the helm at RBL Bank, marking a significant milestone in his illustrious career. His appointment is a testament to his leadership skills and ability to navigate complex business environments.

R Subramaniakumar has held various leadership positions in the banking industry. He was the Managing Director & Chief Executive Officer (MD & CEO) of Indian Overseas Bank (IOB) and also served as the Executive Director (ED) of the bank.

R Subramaniakumar has been appointed as the MD & CEO of RBL Bank, taking charge from June 24. He replaces the interim MD & CEO Rajeev Ahuja, who was appointed after the sudden ouster of the then chief Vishwavir Ahuja in late December 2021.

R Subramaniakumar has a long and distinguished career in the banking sector, with over 40 years of experience. He has also served as the ED at Indian Bank and held various positions in the banking industry.

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R Subramaniakumar has been reappointed as the MD and CEO of RBL Bank, a position he first took up in June 2022 for a term of three years.

Here are some of R Subramaniakumar's active positions:

R Subramaniakumar's leadership has been instrumental in the transformation of Delhi-based Punjab National Bank (PNB) and he has also served as a board of director of PNB's Bhutan joint venture Druk PNB.

R Subramaniakumar's appointment as the new MD, CEO of RBL Bank comes at a time when the bank is still recovering from a net loss of Rs 75 crore in the fiscal year 2021-22.

The bank's advances grew by a modest 2% to Rs 60,022 crore, while deposits were up by 8% to Rs 79,007 crore. This indicates a slow growth in the bank's business.

The new CEO will have to work with a bank that has had a significant change in leadership in the past year, with the sudden ouster of the then chief Vishwavir Ahuja in late December 2021.

R Subramaniakumar has a wealth of experience, with over 40 years in the banking industry, and has previously held positions such as Managing Director & Chief Executive Officer at Indian Overseas Bank and Executive Director at Indian Bank.

R Subramaniakumar's appointment was recommended by the search committee, along with Egon Zehnder, and was welcomed by the outgoing interim MD & CEO, Rajeev Ahuja.

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