R Subramaniakumar was appointed by RBL Bank as its Managing Director and CEO for a period of three years with effect on June 23. After Subramaniakumar's appointment, the former interim MD and CEO of RBL Bank Rajeev Ahuja will serve as the executive director of the bank.
After Reserve Bank of India's RBI and shareholders approval, Ahuja was appointed interim MD and CEO, from December 25, 2021 to June 24, 2022, or until the appointment of a regular MD and CEO, as per the exchange filing.
The filing further stated that Vishwavir Ahuja's term as Managing Director and CEO ended on June 23. The board praised him for his stellar contribution to the manifold growth of the RBL Bank during his tenure. In early June, the central bank had given its approval to RBL to appoint Subramaniakumar as the bank's new MD and CEO.
R Subramaniakumar has over four decades of experience in banking verticals and has held board positions for around five years, including on the Board of Overseas JV Bank. His banking career began in 1980 with Punjab National Bank PNB, and has worked in positions like front desk, general manager.
Subramaniakumar has been involved in business transformation at PNB for three years in areas like digital, human resource, MSME, retail, overseas operations and financial inclusion. He also headed zone and technology divisions, as well as branch banking, innovation and SMEs. He has also worked as an executive director at Indian Bank and Indian Overseas Bank IOB and held the position of MD and CEO of IOB.
Subramaniakumar was an administrator at Dewan Housing Finance Corporation Limited DHFL and achieved its resolution. He is a physics graduate with Post Graduate Diploma in Computer Application PGDCA and has a Certified Information System Audit CISA and Certified Information Security Manager CISM from ISACA. A banker from CAIIB, he has an advanced banking certificate from the University of Maryland.