RBL Bank Limited announced the following internal changes in the Senior Management of the Bank with effect from April 01, 2024. These changes have been made in line with stated objective of strengthening retail asset franchise while optimizing resourcing and ensuring expertise is utilized across the retail verticals. Appointment of Mr. Parag Kale, currently `Business Head - Secured Business' as the `Chief Credit Officer - Retail & Head-Retail Collections'; Appointment of Mr. Kamal Sabhlok, currently `Chief Credit Officer - Retail' as the `Head-Secured and Micro-Finance Business & Credit Card Collections'; Appointment of Mr. Sujit Ghalsasi, currently `Head - Rural Vehicle Finance' as the `Head - Vehicle Finance.'

It may be noted that the above mentioned personnel and Mr. Prabakaran S., currently `Head - Business Banking, Agriculture & PSL' will report to the Executive Director of the Bank and are part of Senior Management Personnel. Mr. Parag Kale has been with the bank for last 13 years in various roles in retail assets business. He has a total work experience of 27 years.

Prior to working with RBL Bank he has worked for AMEX, Barclays, ICICI Bank and Standard chartered Bank. Parag is a BSC Physics with a Post Graduate Diploma in Business Administration in Marketing. Mr. Kamal Sabhlok has been with the bank for around 10 years in various roles spanning retail assets business, credit and collection.

He has total experience of 28 years. Prior to RBL bank Kamal was working with 92.7 Big FM, Barclays Finance, Standard chartered Bank and Diageo India Ltd. He is a CFA and Post Graduate Diploma in Business Management. Mr. Sujit Ghalsasi carries a rich 33 years of total experience.

He has been with RBL Bank for close to 4 years. Prior to RBL Bank, he has worked with Magma Fincorp Ltd, Tata Capital Ltd, ICICI Bank Ltd, Mahindra & Mahindra & LML ltd. He holds a degree in Bachelor of Engineering (B.E) in Automobile engineering and has done executive MBA in Finance from Symbiosis International University.