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

Private sector financial institution RBL Bank will rope in government look for agency EgonZehnder and Pradip Shah, Chairman, Countrywide Asset Reconstruction Organization Ltd to find the lender’s new complete-time handling director and chief government.

At present, Rajeev Ahuja, an government director at lender, is acting as interim MD & CEO right after Vishwavir Ahuja, proceeded on clinical leave in December 2021. Reserve Bank of India has approved R Ahuja’s appointment up to 3 months from December twenty five, 2021.

The lender’s board of directors at its meeting (on January 15, 2022) has made the decision to affiliate with Pradip Shah as an external specialist to perform with the look for committee of board, the lender said in a stock trade filing.

The look for 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 suggestion of the look for committee, also approved EgonZehnder as the look for agency for identifying acceptable candidates for the write-up of MD & CEO in a timely manner.

RBI also appointed Yogesh Dayal, its chief typical supervisor as an More Director on the board of RBL Bank, for two years until December 23, 2023 or until further orders, whichever is earlier.

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