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Patel is returning to the board after a two-year hiatus, having left in 2022 to take on a full-time role as CEO of the Asia Investment and Infrastructure Bank
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The job cuts come in the wake of a significant financial downturn, with the company reporting a €4.6 billion ($4.9 billion) loss in 2023
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Having served as the Regional Director of RBI in Chennai and Thiruvananthapuram, Swamy brings a wealth of experience to his new position
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Before assuming the role of ED, Rao held the position of Chief General Manager-in-Charge in the Department of Regulation
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