RBL Bank Limited has informed the Exchange regarding Appointment of Mr Kumar Ashish as President & Head of Retail Assets and Collections w.e.f. May 07, 2025.
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RBL Bank has appointed Mr. Kumar Ashish as President & Head of Retail Assets and Collections effective May 7, 2025. He brings over 30 years of experience in retail banking, credit cards, vehicle loans, mortgages, SME and rural lending, with prior stints at ICICI Bank, Bandhan Bank and Aditya Birla Finance. He will lead the scaling of the bank's retail assets portfolio and oversee retail secured collections. As part of this restructuring, three existing business heads — Kamal Sabhlok, Sujit Ghalsasi and Prabakaran S — will now report to Mr. Ashish instead of the Executive Director and will no longer be classified as Senior Management.
This signals a strategic push to strengthen and grow the retail lending book, which is a key focus area for RBL Bank. The appointment of an experienced external hire may be viewed positively by investors looking for execution capability in retail growth.