“Post internal discussion held with Mr. Pankaj Sharma, the Bank has accepted his resignation and shall relieve him from his duties with effect from close of business hours on September 20, 2023,” said RBL bank in its statement.
The bank further informed in its statement that they have appointed Alok Rastogi as Head of Corporate Centre, who will directly handle the Operations function, apart from other responsibilities.
Recently, the bank announced its Q1 Results where it reported net profit being up by 43 per cent on higher interest. Net profit for the quarter amounted to Rs 288 crore compared to Rs 201 crore in the same period a year ago.
Net interest income rose 21 per cent during the quarter to Rs 1,246 crore from Rs 1,028 crore in the same period a year ago. Cost to Income was 66.5 per cent compared to 67.8 per cent for Q1FY23, a release by the bank said.
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