RBL Bank Re-Appoints R Subramaniakumar as MD & CEO for Three Years

RBL Bank has announced the reappointment of R Subramaniakumar as its Managing Director (MD) and Chief Executive Officer (CEO) for a term of three years, starting June 23, 2025, and ending on June 22, 2028. The decision, approved by the bank’s Board of Directors on December 16, 2024, is subject to approval from the Reserve Bank of India (RBI) and RBL shareholders.

Leadership with Over 40 Years of Banking Expertise

R Subramaniakumar has been at the helm of RBL Bank since June 23, 2022, bringing with him over four decades of experience in the banking sector. His expertise spans critical areas such as:

• Business Transformation
• Banking Technology
• Risk Management
• Innovation and NBFC Management

Subramaniakumar began his career with Punjab National Bank (PNB) in 1980, where he held several executive roles, focusing on digital transformation, retail growth, and MSME development. He played a key role in establishing PNB’s international subsidiaries in the UK, Bhutan, Nepal, and Kazakhstan.

Financial Performance Amid Challenges

Despite challenges in earnings, RBL Bank has shown resilience:

• Net Interest Income (NII): Increased by 9% YoY to ₹1,615 crore in Q2 FY25.
• Net Interest Margins (NIMs): Reported at 5.04% for the quarter.
• Operational Profit: Grew by 24% YoY.

However, the bank reported a 24% YoY decline in PAT (Profit After Tax) to ₹223 crore for the quarter ending September 2024.

Focus on Strategic Growth

The reappointment of Subramaniakumar highlights RBL Bank’s commitment to strategic growth and transformation. Under his leadership, the bank aims to strengthen its market position through innovation, enhanced customer experience, and operational efficiency.

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