RBL Bank shares in focus as CFO Buvanesh Tharashankar resigns with immediate effect
https://img.etimg.com/thumb/msid-125993700,width-1200,height-630,imgsize-9846,overlay-etmarkets/articleshow.jpg
“Pursuant to Regulation 30, Schedule III, Part A, Para A (7) and other applicable provisions of the SEBI Listing Regulations, as amended, we hereby inform you that Mr. Buvanesh Tharashankar, Chief Financial Officer, being Key Managerial Personnel and part of the Senior Management of RBL Bank Limited (“the Bank”) has tendered his resignation in order to pursue opportunities outside the Bank. The copy of his resignation is enclosed herewith,” the bank disclosed via a filing to the stock exchanges.
The resignation was tendered in a formal letter dated December 15, and was accepted by the bank on the same day after internal discussions. His cessation of duties came into effect from the close of business hours on December 15.
As per the company’s disclosure to the stock exchanges, the bank has already identified an interim successor for the position in line with the succession plan approved by the Board.
In his resignation letter, Tharashankar expressed gratitude for the support and opportunities received during his tenure and stated that the decision was taken after careful consideration of personal and professional goals.
He acknowledged the positive impact the role had on his growth and appreciated the encouragement from colleagues and the management team.
On Monday, the shares of RBL Bank closed 1.1% lower at Rs 304.20 on the NSE.Also read: Ashish Kacholia to Mukul Agrawal: Star investor tag no guarantee for returns as 7 of 10 stock portfolios see losses in 2025
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Post Comment