Personal sector lender RBL Financial institution on Tuesday stated it’ll search shareholders’ approval for the appointment of interim MD and CEO Rajeev Ahuja until June 24, as the method to nominate an everyday head awaits RBI’s consent.
Voting via postal poll will begin on April 28 and finish on Could 27. The outcomes can be declared inside two working days from the conclusion of the distant e-voting, the financial institution stated in a regulatory submitting.
Submitting a duplicate of the postal poll discover, the lender stated it seeks shareholders’ consent for appointment of Rajeev Ahuja as interim Managing Director and CEO for the interval from December 25, 2021 until June 24, 2022 or until the appointment of an everyday MD and CEO, whichever is earlier.
On April 20, the lender had knowledgeable that its board of administrators had accepted suggestions of the Nomination and Remuneration Committee and finalised the names of candidates for the place of normal MD and CEO and accredited making an software to the Reserve Financial institution of India.
Rajeev Ahuja was appointed as an govt director of the financial institution for a interval of three years from February 21, 2020 to February 20, 2023 with the approval of RBI and shareholders at its Annual Normal Assembly held in July 2020.
Nonetheless, in a shock flip of occasions, the board in a gathering held on December 25, 2021 despatched the then MD and CEO Vishwavir Ahuja on go away and appointed Rajeev as interim MD and CEO.
Rajeev took cost as an interim MD and CEO of RBL Financial institution for a interval of three months with impact from December 25, 2021 or until the appointment of an everyday govt.
In a gathering on December 30, 2021, the board initiated steps to determine and consider candidates for the place of normal Managing Director and CEO for which a search committee was constituted.
“The board at its assembly held on April 20, 2022 foundation the suggestions of the Nomination and Remuneration Committee and pursuant to the provisions of Banking Regulation Act, 1949 and extant RBI tips finalized the names of candidates for the place of normal Managing Director & CEO of the financial institution and accredited making of an software to Reserve Financial institution of India,” the submitting stated.
The financial institution will quickly submit an software to the RBI and full the method for the appointment of an everyday MD and CEO in a well timed method, it added.
Inventory of RBL Financial institution closed at Rs 124.05 apiece on BSE, up by 2.99 per cent from its earlier shut
