RBL Bank , a prominent player in India's banking sector, has taken significant steps towards restructuring and growth following an Extraordinary General Meeting (EGM) held on November 12, 2025. Shareholders of the bank approved six key resolutions that are set to reshape the bank's future trajectory.

Key Approvals

The EGM, which saw participation from 112 members in person and 2 through proxies, resulted in the following major approvals:

1. Increase in Authorized Share Capital: Shareholders approved an increase in the bank's authorized share capital, potentially facilitating future expansions.

2. Preferential Allotment of Equity Shares: Approval was granted for issuing equity shares through preferential allotment on a private placement basis, which could strengthen the bank's capital base.

3. Amendments to Articles of Association: Special director nomination rights for identified shareholders were approved, potentially bringing strategic expertise to the board.

4. Foreign Ownership Cap: A 24% cap on aggregate foreign ownership was sanctioned, aligning with regulatory norms while allowing for foreign investment.

5. Amalgamation Scheme: Shareholders approved the scheme of amalgamation with Emirates NBD Bank India Branch as the transferor bank.

Meeting Details

The EGM was chaired by Mr. Chandan Sinha, Part-time Chairman of the Board of Directors. Key attendees included:

• Mr. R. Subramaniakumar, Managing Director & CEO
• Mr. Rajeev Ahuja, Executive Director
• Ms. Ranjana Agarwal, Independent Director and Chairperson of Audit Committee
• Ms. Veena Mankar, Non-Independent Director and Chairperson of Stakeholders' Relationship Committee

Shareholder Sentiment

Members expressed appreciation for the Board of Directors and the Management Team for securing what they described as "one of the largest foreign investments in the bank." This investment is expected to accelerate the bank's future growth and strengthen its balance sheet.

Voting Process

The bank implemented a voting process that included:

• Remote electronic voting from November 7 to November 11, 2025
• Facility for voting at the EGM via electronic devices
• Appointment of an independent scrutinizer to ensure fair and transparent voting

Looking Ahead

The approvals granted at this EGM mark a pivotal moment for RBL Bank. The amalgamation with Emirates NBD Bank India Branch, in particular, signals a major strategic move that could reshape the bank's market position and operational capabilities. As these changes take effect, stakeholders will be watching how RBL Bank implements these approved measures, which could potentially lead to significant changes in the bank's structure, operations, and market presence in the coming months.

RBL Bank Limited has announced a significant addition to its senior management team, appointing Suyog Sanjay Karmarkar as the Head of Strategic Initiatives and Transformation, effective November 6, 2025. This move signals the bank's commitment to strengthening its strategic position and driving transformative initiatives.

Key Appointment Details

Professional Background

Karmarkar brings a wealth of experience to RBL Bank, with over two decades of expertise in strategy, mergers and acquisitions (M&A), and turnaround management. His background spans across financial services, consulting, and cross-border operations, making him a valuable asset to the bank's leadership team.

Career Highlights

• Previously worked with Prudential Financial (US)
• Former Partner at EY's Strategy and Transactions practice
• Advised corporates, banks, and investors on turnaround and special situations

Educational Qualifications

This strategic appointment comes at a time when RBL Bank is focusing on enhancing its market position and operational efficiency. Karmarkar's extensive experience in strategy and transformation is expected to play a crucial role in shaping the bank's future initiatives and driving growth.

The bank made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The information has been disclosed to the stock exchanges and is available on the bank's official website.

On the same day as this announcement, RBL Bank also held investor meetings with Lazard Asset Management and Franklin Templeton Asset Management, demonstrating its ongoing engagement with key stakeholders in the financial community.

As RBL Bank continues to evolve in the competitive banking landscape, the addition of Suyog Karmarkar to its senior management team underscores the bank's commitment to strategic growth and transformation in the coming years.