 "RBL Bank")
Rating agencies ICRA and CARE are monitoring events at RBL Bank, following the sudden exit of its managing director and chief executive officer (CEO) Vishwavir Ahuja, to assess any impact. As a consequence, agencies may place ratings of the private sector lender’s instruments under watch.
In earlier commentaries, both have flagged risks from higher share of unsecured retail credit- microfinance and credit cards and high share of wholesale deposits.
In response to a query by Business Standard, ICRA said according to the process, all ratings assigned by ICRA are under continuous monitoring. It has taken note of the recent developments and engaged
