Extension to interim CEO of RBL: Rajiv Ahuja's tenure extended by 3 months,was appointed after Vishwavir's sudden departure

Extension to interim CEO of RBL,Rajiv Ahuja's tenure extended by 3 months.

The Reserve Bank of India (RBI) has broadened the residency of Rajiv Ahuja,the break Managing Director and CEO of RBL Bank, for three additional months with impact from 25 March 2022 or till the arrangement of a standard MD and CEO. The bank gave this data in a trade documenting. Ahuja was delegated as the break MD and CEO of the bank on December 25 following the abrupt exit of previous head of the bank Vishwavir Ahuja. Also,RBI selected its Chief General Manager Yogesh Dayal as Additional Director on the RBL Board for a time of 2 years.

In his first question and answer session after his arrangement as the bank's break MD and CEO Rajiv Ahuja attempted to relieve misgivings about the bank's resource quality and liquidity position. He had said that the bank has a money excess of Rs 15000 crore. He additionally said that the resource quality has further developed quarter-on-quarter and is presently looking steady. He said that the bank is currently rebalancing the advance book and removing the unstable credit book.

Bits of gossip were additionally spread about the monetary wellbeing of the bank. Before long, the RBI gave an assertion on December 27 saying that investors and different partners shouldn't notice the bits of hearsay as the monetary state of the bank stays stable. RBL Bank's net benefit grew multiple times to Rs 156 crore during the quarter finished December. Notwithstanding, the all out stores fell 3% to Rs 73639 crore. Further,as on December 31,the Gross Non-Performing Asset (NPA) Ratio of RBL Bank remained at 4.84% as against 5.40% in the past quarter,while the Net NPA Ratio improved to 1.85% from 2.14%.