CURRENT AFFAIRS

Detailed explanation-1: -Subramaniakumar is a veteran banker with over 40 years of experience. The Reserve Bank of India has approved the appointment of R Subramaniakumar as Managing Director and CEO of RBL Bank.

Detailed explanation-2: -R Subramaniakumar has over four decades of experience across banking verticals and has held board level positions for around five years including on the Board of Overseas JV Bank. His banking career began in 1980 with public lender Punjab National Bank (PNB) and has worked in positions like front desk, General Manager.

Detailed explanation-3: -Banking sector veteran R Subramaniakumar, with over 40 years of experience, will take charge of private sector RBL Bank from June 24, replacing the interim MD & CEO Rajeev Ahuja.

Detailed explanation-4: -Prashant Kumar’s appointment is subject to approval of shareholders.