RBL Bank has formed a search panel to select a prospect for the post of its managing director and CEONew Delhi: RBL Bank has actually mandated a search panel, including 2 board members - chairman of its nomination - & compensation committee and an external professional - to find a suitable prospect for the post of its handling director (MD) and CEO, according to a regulative filing.The bank's board on December 25 elevated Rajeev Ahuja as an interim MD and CEO with instant impact, after sending out Vishwavir Ahuja on leave.
Rajeev's appointment was subject to regulatory and other approvals.A day earlier, on December 24, the Reserve Bank of India (RBI) had appointed its chief basic manager Yogesh K Dayal on the lender's board as an extra director, a relocation seen as unusual when it comes to economic sector banks.
The board at its conference held today i.e.
December 30, 2021, has actually made up a search committee (consisting of chairman of the nomination and compensation committee, 2 members of the board and one external expert) to identify and evaluate for the position of MD - & CEO, RBL Bank stated in the filing.The potential prospect can be both from within or outside the bank.The board had chosen to select a reputed recruitment firm for the function, the bank stated.
The bank will endeavour to finish the succession process at an early date, it said.Earlier in the day, the bank had actually notified about getting the RBI's approval to appoint Rajeev Ahuja as its interim MD and CEO for 3 months or until a regular prospect was onboarded.