INSUBCONTINENT EXCLUSIVE:
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
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
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.
