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.  

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"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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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.

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.