The Reserve Bank has approved Rajeev Ahuja's appointment as RBL Bank's interim MD and Chief  Executive Officer for three months or until there is a regular appointment.

Last Saturday, the bank's board of directors abruptly sent then-Managing Director and Chief Executive Officer Vishwavir Ahuja on leave and appointed Rajeev as temporary MD and CEO to oversee the bank's day-to-day operations, subject to regulatory and other approvals.

"We wish to inform you that the Reserve Bank of India has approved the appointment of Rajeev Ahuja as interim Managing Director and CEO of the bank for a period of three months with effect from December 25, 2021, or until the appointment of a regular MD and CEO, whichever is earlier," RBL said in a regulatory filing on Thursday.

Rajeev stated the bank was financially sound and had full support from its board of directors and the RBI in his first press conference with reporters and investors on December 26.

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