RBI says financial position of RBL Bank ‘satisfactory’; Depositors, stakeholders assured
The Reserve Bank of India on Monday said RBL Bank is well capitalized and its financial position remains “satisfactory”, amid speculations concerning the private sector lender in some quarters in view of the recent developments around the bank.
In a statement, the Reserve Bank of India (RBI) also said that there is no need for depositors and other stakeholders to react to speculative reports. The financial position of the bank remains stable.
RBI’s statement comes amidst RBL Bank’s Vishwavir Ahuja stepping down as the bank’s MD and CEO and appointing Rajiv Ahuja as the bank’s interim managing director and chief executive officer with immediate effect.
The Reserve Bank of India has also appointed its Chief General Manager Yogesh K Dayal as an additional director on the board of RBL Bank.
“The Reserve Bank wishes to state that the Bank is well capitalized and the financial position of the Bank remains satisfactory. As per the half-yearly audited results as on September 30, 2021, the Bank maintained a comfortable Capital Adequacy Ratio of 16.33 per cent. and a provision coverage ratio of 76.6 per cent,” the central bank said.
It also said that the liquidity coverage ratio (LCR) of the bank stands at 153 per cent as against the regulatory requirement of 100 per cent as on December 24, 2021.
“Further, it is clarified that appointment of additional directors in private banks is done under section 36AB of the Banking Regulation Act, 1949, when it is felt that the Board requires close support in regulatory/supervisory matters, RBI said. ,
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