New Delhi: Reserve Bank has approved the appointment of Rajeev Ahuja as the Interim MD and CEO of RBL Bank for three months or until there was a regular appointment.
In the turn of the sudden event, the Bank Board had sent the Implementing Director and Chief Executive Vishwavir Ahuja on leave and elevated Rajeev as Interim MD and CEO to take care of daily operations from the bank, subject to other regulations and agreements.
“We want to tell you that Bank of India’s backup gives December 28, 2021, has approved the appointment of Rajeev Ahuja as Interim Implementing Director & CEO of the Bank for a period of three months with the effect of December 25, 2021, or until the appointment of MD & CEO Regular, which The previous one, “RBL said in the submission of regulations on Thursday.
Wiswavir’s sudden departure was seen as a result of RBI communication to the bank the day before (December 24, 2021), appointed his main general manager of Yogesh K Dayal to the private sector lending board.
The appointment of RBI officials at the private sector bank council is usually not seen as a normal phenomenon.
Rajeev in his first interaction with journalists and investors on December 26 said the bank was financially healthy and had full support from the Board of Directors and the RBI.
Bank Apex, in its part, also came to save the bank the following day, stating it was financially strong.
Depositors, and investors, should not heed speculation around changes in sudden affairs at the top of the bank leader, RBI said.
However, despite the RBI clarification, the stock of the bank faced selling-off and closed 18 percent on Monday, before touching the low more than RS 132 each at BSE.
Bank shares traded at RS 133.10 each at BSE, down 7.76 percent from the previous closing.