Page 10 - Rbl Bank

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

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

RBL Bank sets up panel to hunt for managing director & CEO

RBL Bank has tasked a search panel, comprising two board members, chairman of its nomination & remuneration committee and an external expert, to find a suitable candidate for the lender's MD and CEO post, according to a regulatory filing. The bank's board on December 25 elevated Rajeev Ahuja as an interim MD and CEO with immediate effect, after sending Vishwavir Ahuja on leave. Rajeev's appointment was subject to regulatory and other approvals. A day earlier, on December 24, the Reserve Bank of India (RBI) appointed its Chief General Manager Yogesh K Dayal on the lender's board as an additional director, a move seen as unusual in the case of private sector banks. "The board at its meeting held today ie December 30, 2021, has constituted a search committee (comprising of chairman of the nomination and remuneration committee, two members of the board and one external expert) to identify and evaluate for the position of MD & CEO," RBL Bank said in the filing. The potential ...

RBL's Vishwavir Ahuja: A case of RBI discomfort with influential bankers

The Kohlapur-based lender turned swanky and state-of-the-art under him but the quick growth attracted central bank's scrutiny.

RBI gives nod for Rajeev Ahuja as RBL Bank's interim MD & CEO

This approval is for a period of three months with effect from December 25, 2021 or till the appointment of a regular MD & CEO, whichever is earlier

RBL Bank depositors protected, unanswered questions remain: AIBEA

'Section 45 of the Banking Regulation Act gives the depositors the necessary protection'

Sensex ends 477pts higher on all-round buying; Supriya Life up 42% on debut

The BSE Midcap index and Smallcap indices also finished with smart gains of 1 per cent and 1.5 per cent, respectively.

Market analysts sound caution on RBL Bank

It was a choppy trading session on Monday with indices recovered sharply from their day's lows. Year-end holidays across major markets and Omicron threat capped the gains. What's in store for Tuesday?

TMS Ep73: Hospitality sector, CP Gurnani, RBL Bank, Vaccine IP waiver

Will Omicron affect the recovery of the hospitality sector? What's CP Gurnani's plan for TechM? Should you be caution about RBL Bank stock? What's hindering Covid-vaccine IP waiver? All answers here

Stocks to Watch: Surpiya Life, RBL Bank, SpiceJet, IOC, HFCL, telecom stks

Surpiya Lifescience is likely to make a bumper debut on the stock exchanges, with GMP indicating a likely listing gain of 40-45 per cent for the stock

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

RBI says RBL Bank well capitalised with satisfactory financial position

The stock of the bank closed 18.32 per cent down to close at Rs 140.90 a piece on the BSE

ICRA, CARE put RBL Bank's stock ratings under review after CEO's exit

The rating is constrained on account of moderation in asset quality parameters with high slippages in retail portfolio, mainly in unsecured retail loan portfolio owing to Covid-19

RBL Bank tanks 20% as Vishwavir Ahuja goes on leave; analysts sound caution

RBL Bank on Saturday said its Managing Director and Chief Executive Officer Vishwavir Ahuja has proceeded on leave with immediate effect

Top headlines: RBI backs RBL Bank; 4 growth strategy themes for Tata Group

Business Standard brings you the top headlines on Monday

Market wrap: Sensex gains 969 points from day's low, ends 296 points up

HP Adhesives makes strong debut at 16% premium, ends 22% higher; RBL Bank tanks 20% as Vishwavir Ahuja goes on leave; analysts sound caution

RBL: 'Cats cannot morph themselves into lions, tigers,' says AIBEA official

Urging government to intervene and look at measures to merge the RBL Bank Ltd with a public sector bank, a top leader of AIBEA said that cats cannot morph into lions and tigers of juggle overnight.

Sensex gains 969pts from day's low, ends up 296pts led by IT, pvt banks

Debutant HP Adhesives ended with a 22.20 per cent premium at Rs 335 over its issue price of Rs 274 per share; Overall market breadth was also positive

Stocks to Watch: HP Adhesives, RBL Bank, Adani Trans, HUL, Lupin, CBI

HP Adhesives is likely to debut with a 20-25 per cent listing gain, as per indications from the GMP

Rakesh Jhunjhunwala, R K Damani approach RBI to acquire 10% in RBL Bank

Neither Jhunjhunwala nor Damani have made any statement regarding their request to RBI

Weekend events are not linked to RBL Bank's asset quality: Interim chief

Vishwavir Ahuja on "medical leave", hunt for successor on, says bank