RBI approves re-appointment of Prakash Chandra as non-exec Chairman of RBL Bank

Our Bureau Updated - June 18, 2020 at 09:33 PM.

A pedestrian wearing a protective mask walks past an RBL Bank Ltd. branch on a near-empty street in Mumbai, India, on Monday, May 4, 2020. India's central bank Governor Shaktikanta Das and the chief executive officers of the nation's banks have discussed ways to ensure credit flow to businesses once the world's toughest stay-at-home order ends. Photographer: Dhiraj Singh/Bloomberg

Private sector lender RBL Bank on Thursday said the Reserve Bank of India has approved the re-appointment of Prakash Chandra, Independent Director, as Non-Executive (Part-Time) Chairman of the bank till July 23, 2021.

“Chandra’s reappointment and revision in his remuneration had also been approved by the board of directors pursuant to the recommendation of the Nomination and Remuneration Committee of the Board, which shall be placed for the approval of the members of the bank at the ensuing Annual General Meeting,” it said in a regulatory filing.

Published on June 18, 2020 10:37