Bank is financially strong, well capitalised and profitable: RBL Bank

Amid concerns over health of banks, private sector lender RBL Bank said on Wednesday that it is financially strong with strong governance set-up. 

The bank's capital adequacy ratio is at 16.08 per cent, much higher than the regulatory requirement of 11.5 per cent.

In a press statement, RBL said that it is well-capitalised, profitable and a growing entity. Its stock on BSE was up 11.9 per cent at Rs 232.5 per share in morning trades.

RBL said there was no adverse change in asset quality and its guidance remained consistent.

The liquidity position of bank was healthy with the liquidity coverage ratio (LCR) at