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Rbl Bank has the full backing of Rbi: Rajeev Ahuja

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Rbl Bank has the full backing of Rbi: Rajeev Ahuja

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RBL Bank Acting Managing Director Rajeev Ahuja said on Sunday that the bank and its senior management have the full support of the Reserve Bank of India (RBI), adding that asset quality issues are being addressed.

“Recent developments are not due to our financial performance. The bank has the backing of the RBI,” said Rajeev Ahuja.

Ahuja said the bank is well capitalized and has no capital requirements for the next 2-3 years.

He said the council accepted Vishwavir Ahuja’s request for immediate leave.

“I would have liked Vishwavir Ahuja to stick around and be part of the transition, but we have to seize the opportunity and take the organization to the next level,” he added.

Ahuja added that he has full confidence in the board of directors to lead the bank.

On Saturday, the RBI appointed its chief managing director Yogesh K Dayal as an additional director on the board of directors of RBL Bank.

Later that day, the bank informed the exchanges that RBL Bank’s managing director and long-term CEO, Vishwavir Ahuja, a senior banker, had gone on leave with immediate effect. Subsequently, Rajeev Ahuja was appointed managing director and interim CEO of the bank subject to regulatory approvals.

(Edited by : Aditi Gautam)

First publication: STI

Rbl Bank has the full backing of Rbi: Rajeev Ahuja

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