Soma Sankara Prasad has been appointed as an additional non-executive independent director at RBL Bank, pending shareholder approval. With a remarkable career spanning nearly four decades in banking, Prasad brings extensive expertise in retail banking, treasury operations, corporate credit, and regulatory compliance. His previous roles as Managing Director and CEO of UCO Bank, along with key leadership positions at the State Bank of India (SBI), underline his deep industry knowledge and strategic acumen.
The decision to appoint Prasad follows recommendations from the bank’s Nomination and Remuneration Committee, emphasizing the importance of strengthening leadership in today’s competitive banking environment. His extensive experience, which also includes significant roles at SBI Pension Funds and SBI General Insurance, positions him to drive RBL Bank’s growth and operational efficiency.
Prasad’s appointment has already inspired positive market sentiment, with RBL Bank’s shares reflecting increased investor confidence. His leadership is expected to contribute significantly to the bank’s future as it navigates the evolving financial sector.