Reserve Bank - Latest News Update, Information, Photos & Videos on Reserve Bank at Lokmat Times

Mumbai, Dec 27 Several well known investors have lined up to buy a stake in RBL Bank and sought Reserve Bank's permission, according to a media report.The report said that the investors approached RBI with proposals to buy 10 per cent stake in the bank.On Saturday, the Reserve Bank of India appointed Yogesh Dayal as an Additional Director on the Board of the RBL Bank.Besides, the Board accepted the request of Vishwavir Ahuja, CEO of the bank to proceed on medical leave and appointed Rajeev Ahuja, the existing Executive Director of the bank as the Interim Managing Director and CEO subject to regulatory and other approvals.In a statement on Sunday, the bank said: "We would like to reiterate that these developments are not in any manner a reflection on the fundamentals of the Bank.""As we have been communicating to all of you the business momentum and financial performance trajectory have been improving since the second quarter of this financial year as we recovered from the effects of the pandemic."It said that current management team led by Rajeev Ahuja has full support from RBI."We have absorbed the challenges on our asset quality which were largely due to the pandemic.""Capital adequacy was 16.3 per cent and will be in a similar range this quarter. Liquidity Coverage ratios have been well above regulatory requirements - it was 155 per cent for the September quarter."The statement further said slippages had peaked in Q2 and will be improving this quarter and next as guided previously."The NPA position of the bank will also be on an improving trend. We want to point out here that we have been upfront and transparent on any challenges that we have faced in our various business segments in the past."The statement added that the Board has elevated an existing member of the management team to the interim MD and CEO role which should allay concerns on the strategy and smooth functioning of the bank as well as the strength of the overall franchise."These developments are not on account of any concern on advances, asset quality and deposits level of the bank. The bank has the full support of the RBI."Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Reserve BankFOLLOW

Reserve bank, Latest News

New Delhi, April 5 The Reserve Bank of India (RBI) on Tuesday said that it is not necessary ... ...

New Delhi, March 13 High commodity prices as well as outflow of foreign funds from equity markets combined ... ...

The Reserve Bank of India (RBI) said on Wednesday that it has not authorized any third party for providing support in grievance redressal of the central bank's regulated entities, as claimed in messages being spread through certain sections of the so ...

Meeting to be held on Feb 28 in the presence of union minister of state for finance Dr Bhagwat ... ...

Jaipur, Jan 20 Rajasthan Chief Minister Ashok Gehlot on Thursday instructed bank officials to stop the auction of ... ...

Inflation and COVID-19 new variant Omicron pose major challenges to the Indian economy, the Reserve Bank of India (RBI) said on Wednesday. ...

The gross non-performing asset (GNPA) ratio of scheduled commercial banks is likely to increase to 9.5 per cent in September 2022 from 6.9 per cent in September 2021 in a severe stress scenario, the Reserve Bank of India (RBI) said on Wednesday. ...

Mumbai, Dec 27 Several well known investors have lined up to buy a stake in RBL Bank and ... ...