Business Standard

R Subramaniakumar: 'Bad loan expert' in the hot seat at crisis-hit RBL Bank

His appointment raises questions because ex-PSB bankers have historically taken over as heads of financial institutions with weak asset quality and governance

R Subramaniakumar, MD & CEO, RBL Bank
Premium

R Subramaniakumar, MD & CEO, RBL Bank

Manojit Saha Mumbai
It is not unusual for a public sector banker to head a private sector bank. There have been several recent examples of such transitions — Prashant Kumar, who was a deputy managing director at State Bank of India, took charge of the troubled YES Bank and CVR Rajendran, former CMD of Andhra Bank, was appointed as the managing director (MD) and chief executive officer (CEO) of CSB Bank (formerly known as Catholic Syrian Bank).

So why are investors jittery about former Indian Overseas Bank CEO R Subramaniakumar’s appointment as the MD and CEO of RBL Bank? The announcement of his

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in