Equity mutual funds adopt 'wait and watch' policy on RBL Bank

94 equity and hybrid schemes have invested in stocks of RBL Bank worth Rs 1,996.34 crore as of end-Nov

Asset management companies are in no hurry to take immediate decisions on their investments in RBL Bank. Equity and hybrid mutual funds (MFs) have investments of around Rs 2,000 crore in RBL Bank. Industry officials are confident that there are no financial irregularities as yet.

On Monday, the stock of RBL Bank ended at Rs 140.9, down Rs 31.6, or 18.32 per cent, on the BSE. The stock got spooked after Vishwavir Ahuja, its managing director (MD) and chief executive officer (CEO), went on leave and the Reserve Bank of India (RBI) appointed an executive to its board.

“Today, there