RBL Bank has appointed Suyog Sanjay Karmarkar as the new Head of Strategic Initiatives and Transformation, effective November 6, 2025. Karmarkar, an industry veteran, brings over two decades of expertise in strategy, M&A, and turnaround management. This strategic hire aims to bolster RBL Bank’s transformation efforts and drive future growth.
Leadership Announcement
Suyog Sanjay Karmarkar has officially joined RBL Bank as the Head of Strategic Initiatives and Transformation. His appointment is effective as of November 6, 2025, and he will be classified as part of the Senior Management of the Bank. This key leadership addition will play a pivotal role in shaping the bank’s strategic direction.
Professional Background
Mr. Karmarkar brings with him extensive experience spanning more than two decades in strategy, M&A, and turnaround management. He possesses deep expertise in financial services, consulting, and cross-border operations. Prior to joining RBL Bank, he held positions at Prudential Financial (US) and was a Partner with EY’s Strategy and Transactions practice. He holds an MBA from Purdue University, US and a BE from Sardar Patel College of Engineering (Mumbai University).
Strategic Importance
Karmarkar’s appointment is expected to drive strategic initiatives and transformation across RBL Bank. His expertise will contribute to improved financial performance, operational efficiency, and long-term sustainable growth.
Source: BSE
