RBL Bank has received approval from the Reserve Bank of India (RBI) and shareholders to re-appoint R Subramaniakumar as Managing Director and CEO for a period of three years, from June 23, 2025 to June 22, 2028. Subramaniakumar has been the CEO since June 2022 and has over 40 years of experience in the banking industry. He has a strong background in business transformation, banking technology, risk management, and innovation, and has held various leadership roles at Punjab National Bank (PNB) before joining RBL Bank.
Despite a 24% year-on-year decline in profit for the quarter ended September 2024, RBL Bank’s net interest income grew by 9% and net interest margins were reported at 5.04%. The bank also saw a 24% year-on-year growth in operating profit. The re-appointment of Subramaniakumar is subject to RBI approval and is expected to take effect on June 23, 2025.