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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
New CEO Subramaniakumar may have made a slow start, but it remains to be seen if he can pick up the pace.
Editor's note: In June 2022, when R. Subramaniakumar was appointed at the helm of RBL Bank, the mandate was clear: Bump up the bank’s secured retail loan book as well as retail deposits and savings/current accounts. His appointment was the second instance in two years of the Reserve Bank of India roping in a public sector banker to navigate a private sector bank out of a crisis situation. In early 2020, Prashant Kumar was put in charge of Yes Bank. He managed to steer Yes Bank from near collapse to profits in just a year. A high bar for Subramaniakumar. But the new RBL Bank managing director and CEO hasn’t had a strong start. Subramaniakumar was expected to accomplish his tasks at a pace that was faster than under the bank's former CEO and MD, Vishwavir Ahuja, who was nudged out by the RBI for not doing enough to bring down RBL’s high quantum of unsecured loans and increase retail deposits. But as things stand right now, the bank’s CASA, or current account-savings account, ratio—at 36.2% of total deposits—has shown only a …
New CEO Subramaniakumar may have made a slow start, but it remains to be seen if he can pick up the pace.
Editor's note: In June 2022, when R. Subramaniakumar was appointed at the helm of RBL Bank, the mandate was clear: Bump up the bank’s secured retail loan book as well as retail deposits and savings/current accounts. His appointment was the second instance in two years of the Reserve Bank of India roping in a public sector banker to navigate a private sector bank out of a crisis situation. In early 2020, Prashant Kumar was put in charge of Yes Bank. He managed to steer Yes Bank from near collapse to profits in just a year. A high bar for Subramaniakumar. But the new RBL Bank managing director and CEO hasn’t had a strong start. Subramaniakumar was expected to accomplish his tasks at a pace that was faster than under the bank's former CEO and MD, Vishwavir Ahuja, who was nudged out by the RBI for not doing enough to bring down RBL’s high quantum of unsecured loans and increase retail deposits. But as things stand right now, the bank’s CASA, or current account-savings account, ratio—at 36.2% of total deposits—has shown only a …
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
