Mumbai: RBL Bank on Sunday said his business fundamentals were intact after the RBI put an additional director on the board on the same day MD & CEO Vishwavir Ahuja went on medical leave.
Looking for cleaning the air after Executive Director Rajeev Ahuja was appointed as CEO, which coincided with the appointment of the Head of General Manager of Yogesh Dayal RBI as an additional director, a private lender said it had full regulatory support.
“I want to reiterate that this transition, our strategy and our business has full support from the RBI.
This development is not in any way, reflection about our performance,” said Rajeev Ahuja.
The bank has a call with news and then with analysts, where Rajeev said the development was not taken into account about the problem or progress, the quality of the asset or the level of bank deposits.
Vishwavir has been going on for six months before his tenure ended even when the bank sought a replacement.
While the search committee will look for a suitable candidate, Rajeev looks as one of the competitors for the job.
During a press conference, the CEO of Interim said that the bank had studied the lesson after it had to fight rumors about their financial health after the bank’s crisis in 2019.
Since then, the Bank has collected more than 1,500 crore Rs and has an RS 15,000 liquidity crore besides having a capital adequacy strong 16.3%.
“We are in the process of examining our balance sheet,” he said.
Rajeev was also squashed speculation governance problems.
Responding to the question of whether he was aware of any regulatory investigations in connection with the government, he said that there was no as far as he knew, and he did not think there was such an investigation.
The RBI source also said that too much should not be read into the appointment and they are not comparable to the previous movement at the bank, bank or Lakshmi Vilas.
Gopal Jain, Mitra Managing, Gaja Capital, who has 2.1% of shares in the bank, said: “We support new leadership at RBL Bank.
Rajeev Ahuja is one of the original and major architects of the new RBL Bank strategy since 2010 has become part of a part of Travel from the first day.
We believe that under his leadership RBL will continue to advance towards his goal of creating a leading banking franchise in India “.
On the RBI decision to appoint an additional director, said Rajeev, “RBI has an extensive and broad agenda.
The RBI nomination in our board has been repeated in all of our conversations as a measure of processing ongoing processes.
RBI, in its discretion, does not appoint an additional director, But in our case, the intention is to provide the overall strength to the Board and continue the improvement of the processes and compliance that we have made for the last 6-8 quarter.
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Fundamental biz intact, has RBI support: RBL bank
