Discussion with Morning Context journalists on the implications of the appointment of R Subramaniakumar as CEO, RBL Bank. The discussion was on account of Furquan Moharkan’s article in the Morning Context published on June 16, 2022.
The discussion was on Twitter Space on June 16, 2022 from 6:30 pm – 7:20 pm. Twitter Link is available here.
My views are
11:55-18:22 Why Rajeev Ahuja was unfit to be appointed as CEO, RBL Bank and the suitability of R Subramaniakumar and Zarin Daruwala.
24:20 – 28:57 Implications of RBL Bank’s share price decline on wholesale depositors and on ESOPs.
33:00 – 34:54 Limited talent pool of leaders having crisis management experience in private sector banking.
38:57 – 40:28 With exception of HDFC Bank and ICICI Bank there is a deliberate lack of developing a cadre of internal leaders in private sector banking.
44:50 – 46:23 Since the succession issue has been resolved to RBI’s satisfaction, the regulator should consider withdrawing its director which will reassure stakeholders that all is now well with RBL Bank.
47:30 – 50:37 Future prospects of RBL Bank and whether shareholders may challenge the appointment of new CEO