RBL Bank Limited announced that Mr. Kumar Ashish has joined the Bank effective and has been appointed as President & Head of Retail Assets and Collections. Mr. Kamal Sabhlok (Head - Secured Lending and Microfinance Business), Mr. Sujit Ghalsasi (Head - Vehicle Finance) and Mr. Prabakaran S (Head - Rural Business, Business Banking and PSL Lending), will continue to be business heads. They will continue to lead the growth in the respective segments and will now report to Mr. Kumar Ashish, instead of Executive Director of the Bank.
Thus they will cease to be classified as Senior Management of the Bank with effect from May 07, 2025. He will lead the scaling of the Retail Assets portfolio into a key pillar of sustainable growth. He will also be leading the Retail Secured Collections, which is a strong arm of the Bank with a well-entrenched team.
Mr. Kumar Ashish will be classified as part of Senior Management of the Bank with effect from May 07, 2025. Mr. Kumar Ashish is an industry veteran with over 30 years of experience. He has handled diverse portfolios in the banking and finance industry including business loans, personal loans, credit cards, vehicle loans, mortgage loans, rural and Agri loans, digital lending, SME and trade finance, and retail banking.
He has worked across the entire gamut of retail assets, including microfinance, and has successfully set up and scaled businesses throughout his career.
