RBL Bank board will no longer have a director from central bank

The Reserve Bank of India (RBI) will no longer have a director on the board of RBL Bank as the central bank-appointed additional director completes his two-year term. The absence of an RBI director on the board is seen as a positive sign, indicating confidence in the stability of RBL Bank. RBI chief general manager Yogesh Dayal, appointed in December 2021 during a period of uncertainty, concluded his two-year term on the board. Subsequently, in July 2022, R Subramaniakumar was appointed as the managing director and CEO of RBL Bank for a three-year term, with the approval of the RBI.

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