BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
The Reserve Bank of India under Section 36AB of the Banking Regulation Act has appointed Mr. Yogesh K. Dayal, Chief General Manager, RBI, as an additional director to RBL Bank Ltd.'s board for a two-year period, with immediate effect.
RBL Bank's board has also accepted the request of Mr. Vishwavir Ahuja – Managing Director and Chief Executive Officer – to proceed on leave with immediate effect and appointed Mr. Rajeev Ahuja (currently the Executive Director) as interim MD and CEO, subject to regulatory and other approvals.
These developments have come as a negative surprise, and raises concerns on the bank's performance as perceived by the central bank and its ability to deliver on its guidance.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
