RBL Bank to rope in EgonZehnder, NARCL chairman for CEO search

Private sector lender RBL Bank will rope in executive search firm EgonZehnder and Pradip Shah, Chairman, National Asset Reconstruction Company Ltd to select the lender’s new full-time managing director and chief executive.

At present, Rajeev Ahuja, an executive director at bank, is acting as interim MD & CEO after Vishwavir Ahuja, proceeded on medical leave in December 2021. Reserve Bank of India has approved R Ahuja’s appointment up to three months from December 25, 2021.

The lender’s board of directors at its meeting (on January 15, 2022) has decided to associate with Pradip Shah as an external expert to work with the search committee of board, the bank said in a stock exchange filing.

The search panel comprises Manjeev Singh Puri, Chairman, Nomination and Remuneration Committee (NRC) and two other directors, Ishan Raina and Veena Mankar.

Further, the Board on the recommendation of the search committee, also approved EgonZehnder as the search firm for identifying suitable candidates for the post of MD & CEO in a timely manner.

RBI also appointed Yogesh Dayal, its chief general manager as an Additional Director on the board of RBL Bank, for two years till December 23, 2023 or till further orders, whichever is earlier.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Credit – Financial matters

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button