RBI said that the financial position of the bank remains stable.
The Reserve Bank of India said on Monday that RBL Bank The private sector lender is well-capitalised and its financial position remains “satisfactory” amid speculation in recent quarters related to the lender events around the bank,
In a statement, the Reserve Bank of India (RBI) also said that there is no need for depositors and other stakeholders to react to speculative reports.
The financial position of the bank remains stable.
RBI’s statement comes amidst RBL Bank’s Vishwavir Ahuja stepping down as the bank’s MD and CEO and appointing Rajiv Ahuja as the bank’s interim managing director and chief executive officer with immediate effect.
The Reserve Bank of India has appointed its Chief General Manager Yogesh K. Dayal as additional director on the board of RBL Bank.
“The Reserve Bank wishes to state that the Bank is well capitalized and the financial position of the Bank remains satisfactory. As per the half-yearly audited results as on September 30, 2021, the Bank maintained a comfortable Capital Adequacy Ratio of 16.33 per cent. and a provision coverage ratio of 76.6 per cent,” the central bank said.
It also said that the liquidity coverage ratio (LCR) of the bank stands at 153% as against the regulatory requirement of 100% as on December 24, 2021.
“Further, it is clarified that appointment of additional directors in private banks is done under section 36AB of the Banking Regulation Act, 1949, when it is felt that the Board requires close support in regulatory/supervisory matters, RBI said. ,
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