The bank named Rajiv Ahuja as interim managing director and CEO.
Shares of RBL Bank Ltd plunged 15% in early trade on Monday after the company top boss went on medical leave And the Reserve Bank of India (RBI) nominated an additional director on the board of RBL over the weekend.
RBL on Saturday said the central bank has appointed RBI Chief General Manager Yogesh Dayal as additional director for a period of two years.
The company on Saturday said the board of RBL has accepted the request of Managing Director and Chief Executive Officer Vishwavir Ahuja to go on medical leave with immediate effect.
The bank named Rajiv Ahuja as interim managing director and CEO. In a press call on Sunday evening, Mr Rajiv attempted to allay concerns about management changes and said the bank’s business fundamentals were kept intact with room for “tremendous improvement”.
In the past the country’s central bank has nominated its officers to the boards of banks where there may be poor financial or governance concerns. However, RBL reiterated that business was as usual and there was no near-term capital requirement.
RBL shares at ₹147 per piece by 0415 GMT . were doing business on
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