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RBL Bank: Intimation Of Receipt Of RBI Approval For Re-Appointment Of Mr. Prakash Chandra As Non- Executive Part Time Chairman


This is to inform you that Reserve Bank of India (RBI) has conveyed its approval to the re-appointment of Mr. Prakash Chandra (DIN 02839303) Independent Director as the Non-Executive (Part-Time) Chairman of the Bank w.e.f. August 3 2021 for a period of three years and the terms and conditions relating to his reappointment including remuneration in terms of Section 35B of the Banking Regulation Act 1949.

Mr Chandras 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.

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