MUMBAI: The RBI will now not have a director on the board of RBL Financial institution because the central bank-appointed further director completes his two-year time period. This improvement of RBI ceasing to have a board presence is being perceived as a optimistic, indicating confidence within the financial institution’s stability.
RBI chief basic supervisor Yogesh Dayal was appointed as a further director on the board of RBL Financial institution by the regulator on December 24, 2021 for a two-year time period or till additional orders, whichever got here earlier.This appointment befell throughout a interval of uncertainty when the financial institution’s then CEO Vishwavir Ahuja had proceeded on medical go away.
Subsequently in July 2022, RBI accepted the appointment of R Subramaniakumar as managing director and CEO of the Financial institution for 3 years. Subramaniakumar is a former PSU financial institution chief and was the RBI-appointed administrator of DHFL throughout its decision course of. The central financial institution had used its particular energy underneath the Banking Regulation Act to nominate Dayal.
RBI chief basic supervisor Yogesh Dayal was appointed as a further director on the board of RBL Financial institution by the regulator on December 24, 2021 for a two-year time period or till additional orders, whichever got here earlier.This appointment befell throughout a interval of uncertainty when the financial institution’s then CEO Vishwavir Ahuja had proceeded on medical go away.
Subsequently in July 2022, RBI accepted the appointment of R Subramaniakumar as managing director and CEO of the Financial institution for 3 years. Subramaniakumar is a former PSU financial institution chief and was the RBI-appointed administrator of DHFL throughout its decision course of. The central financial institution had used its particular energy underneath the Banking Regulation Act to nominate Dayal.
