Depositors should not worry as RBL Bank has RBI's full support: Interim MD & CEO tells Anil Singhvi

In conversation with Zee Business Managing Editor Anil Singhvi, RBL Bank Limited interim MD & CEO Rajeev Ahuja on Monday set the record straight related to the development concerning Vishwavir Ahuja, Bank's Managing Director and Chief Executive Officer.  

"Depositors should not worry as fundamentals of the bank are very strong and it also has the Reserve Bank of India's (RBI) full support," said Rajeev Ahuja.
RBL Bank's interim MD & CEO said that the bank will have better earrings in Q3 and Q4 as compared to Q2 results. Credit cost is also expected to improve in the next quarter, he said. Ahuja said the bank has enough cash at the moment and it can raise capital once the growth stabilises.  

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Clarification from the interim director comes after the RBI appointed Yogesh Dayal as an Additional Director on the Board of the bank for a period of two years till December 23, 2023 or till further orders, whichever is earlier. This followed after the Bank's board accepted the request of Vishwavir Ahuja to allegedly proceed on medical leave. The board also said in a regulatory filing that Rajeev Ahuja (existing Executive Director of the Bank) has been appointed as the Interim Managing Director & CEO of the Bank subject to regulatory and other approvals.

ALSO READ: https://www.zeebiz.com/market-news/news-global-view-clsa-morgan-stanley-...  
Shares of RBL Bank Limited on Monday slipped 20 per cent to Rs 138 per share in Monday's intraday trade on the BSE. It was also new 52-week value touched by RBL shares. Shares of RBL Bank had touched 52-week high value of Rs 274 per share on the BSE on January 8, 2021.

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RBI का बैंक को पूरा सपोर्ट है, 'डिपॉजिटर्स को डरने की जरुरत नहीं है' बैंक के फंडामेंंटल्स काफी मजबूत : राजीव आहूजा
अंतरिम MD & CEO, RBL बैंक

देखिए अनिल सिंघवी के साथ खास बातचीत...@AnilSinghvi_ @RajeevAhuja_IN @rblbank #RBLbank pic.twitter.com/fJp5SrwOsw

— Zee Business (@ZeeBusiness) December 27, 2021

ALSO READ: Global View: CLSA, Morgan Stanley slash target price on RBL Bank post board meeting

RBL Bank shares slip 20% to 52-week low of Rs 138 as MD & CEO Vishwavir Ahuja goes on leave | Zee Business - zeebiz.com
RBL Bank shares slip 20% to 52-week low of Rs 138 as MD & CEO Vishwavir Ahuja goes on leave. The shares of RBL Bank Limited on Monday slipped 20 per cent in Monday's intraday trade on the BSE after the management in an exchange filing said that the bank's MD and CEO Vishawvir Ahuja stepped down
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Earlier, Global brokerage firms such as CLSA, Morgan Stanley, Investec and ICICI Secuities slashed its target price on RBL Bank after MD & CEO of the bank Vishawvir Ahuja went on medical leave.