RBL Bank attempts to boost depositors' trust after CEO's sudden exit

Gradually settling down after turbulence till Monday, private lender RBL Bank will engage with retail customers, especially depositors, now and in the fourth quarter while the lending business happens in the normal course.

Depositors’ confidence was shaken following sudden developments like MD & CEO V Ahuja proceeding on medical leave and the Reserve Bank of India (RBI) appointing Yogesh Dayal as its nominee on the board of RBL Bank. 

A large write-off in a loan account was believed to be the trigger for the regulator to step into the affairs of the bank. However, the lender declined to comment on the issue