Shares of RBL Bank fell sharply after news that the central bank of India had appointed a director to the board. of the company and that it announced a change of leadership.
RBL Bank said over the weekend that the Reserve Bank of India has appointed Yogesh Dayal, the central career banker, to the board. and that CEO Vishwavir Ahuja is taking leave for health reasons.
The commercial bank has appointed CEO Rajeev Ahuja as interim managing director.
RBL Bank said its business momentum and financial performance have improved following the challenges posed by the pandemic, and that its finances remain strong.
The bank’s share fell 17% to 142.6 rupees ($ 1.90), after falling more than 23% during the day.
RBL Bank’s performance has been affected by the problems caused by the pandemic and it has made predictions in advance.
The country’s central bank said RBL Bank was well-capitalized, while its financial position remained satisfactory and its financial health stable.
He added that additional directors are appointed in private banks when a board of directors. needs support in regulatory and supervisory issues.
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Source From: Capital
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