The reserve bank of India on Monday clarified that RBL’s Financial health is stable. “The Reserve Bank would like to state that the bank is well capitalised and the financial position of the bank remains satisfactory. As per half-yearly audited results as on September 30, 2021, the bank has maintained a comfortable Capital Adequacy Ratio of 16.33 per cent and Provision Coverage Ratio of 76.6 per cent. The Liquidity Coverage Ratio (LCR) of the bank is 153 per cent as on December 24, 2021 as against regulatory requirement of 100 per cent,” the statement read.
The statement has been released after several brokerages & analysts had raised concerns about the bank’s future outlook and Financial instability. The major shock to the bank was of stepping down of MD Vishwavir Ahuja.
“It is clarified that appointment of Additional Director/s in private banks is undertaken under Section 36AB of the Banking Regulation Act, 1949 as and when it is felt that the board needs closer support in regulatory / supervisory matters,” the RBI further stated. Today on BSE/NSE the stock price fell to 52 week low.
