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Which Bank appoints R Subramaniakumar as new MD and CEO in June 2022?
Axis Bank
Indian Bank
RBL Bank

Correct Answer : Option (C) - RBL Bank

RBL Bank slumped 16.19% to Rs 95 after the bank appointed R Subramaniakumar as the new Managing Director and CEO of the bank for three years.
R Subramaniakumar is a banker with 40 years of experience. He is an Independent Director of the LIC Pension Fund. He is a physics graduate with PGDCA (post graduate diploma in computer application). He has acquired CISA (certified information system audit) & CISM (certified information security manager) from ISACA, USA. He is a banker with CAIIB (certified associate of indian institute of bankers) and also holds advanced banking certificate from University of Maryland, USA.
Shares of RBL Bank have tumbled 16.55% in two trading sessions from its previous closing high of Rs 113.85 on 9 June 2022. The stock has lost 58% from its 52-week high of Rs 226.45 recorded on 8 July 2021.
Shares of the private sector bank hit an all time low of Rs 92.75 in intraday today on the BSE..

Source : Business Standard

Published On : June 12, 2022
Category : Banking