Management Change23 Jun 2026, 09:20 pm
Religare Finvest MD Appointment Approved by RBI
AI Summary
Religare Enterprises Limited (REL) announced that its material subsidiary, Religare Finvest Limited (RFL), has received approval from the Reserve Bank of India (RBI) for the appointment of Mr. Srinivasan Karthik as a director. This approval is a key step towards his appointment as Managing Director of RFL, in addition to his existing role as CEO. The appointment is effective from June 23, 2026, subject to shareholder approval. Mr. Karthik's initial appointment as CEO and KMP was effective May 05, 2026.
Key Highlights
- RBI approves Mr. Srinivasan Karthik's appointment as director of RFL.
- Karthik's appointment as MD of RFL is effective June 23, 2026.
- Shareholder approval is still required for the MD role.
- Karthik also serves as CEO and KMP of RFL.
- This is a significant management change within a key subsidiary.
Price Impact
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