RBL Bank's financial position is satisfactory: RBI

The Reserve Bank of India said on Monday that RBL Bank is well capitalised and its financial condition is "satisfactory," despite worry in some quarters about the private sector lender in the light of recent events.

The Reserve Bank of India (RBI) said in a statement that depositors and other stakeholders do not need to react to speculative rumours. It stated that the bank's financial health is stable.

The RBI's comment comes after RBL Bank's Vishawvir Ahuja stepped down as MD and CEO, and the institution appointed Rajeev Ahuja as interim Managing Director and Chief Executive Officer with immediate effect. Yogesh K Dayal, the Reserve Bank of India's Chief General Manager, has been appointed as an additional director on the board of RBL Bank.

"The Reserve Bank wishes to state that the bank is well capitalised and that its financial condition remains sound." The bank maintained a healthy Capital Adequacy Ratio of 16.33 percent and Provision Coverage Ratio of 76.6 percent as of September 30, 2021, according to half-yearly audited reports," the central bank said. The bank's Liquidity Coverage Ratio (LCR) was 153 percent as of December 24, 2021, compared to the statutory threshold of 100 percent.

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