Less than two years into his job, the CEO has restored the regulator’s and investors’ confidence in the private sector lender. He now has new growth plans.
It was certainly not the best of starts.
A week before R. Subramaniakumar was to take over as managing director and chief executive of RBL Bank in June 2022, the stock hit an all-time low, plunging 90% from May 2019 to Rs 77.
Subramaniakumar was roped in after former CEO Vishwavir Ahuja was nudged out by the central bank for falling short on expectations. The brief for the new CEO was clear: Boost the bank’s secured retail loan book and retail deposits. But six months into his job, the needle hadn’t moved much on either front, with little clarity about …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai
Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.
Editor, Banking
furquan@mailtmc.com
Delhi