ACE Investor Rakesh Jhunhunwala and Founder of D-Mart RK Damani have approached the Reserve Bank of India (RBI) with a request to buy a 10 percent stake at Bank RBL Private RBL, CNBC TV 18 reported on December 26.

Moved by Jhunjhunwala and Damani were made before the RBI action against the bank.

The central bank is in the process of checking requests, said the news channel.
Jhunjhunwala and Damani have not reacted to CNBC TV reports 18 at the time of writing this report.

The report came a day after RBL Bank conducted two main disclosures – the appointment of the Head of General Manager of Yogesh Dayal RBI as an additional director on his council; And the term executive of the Bank’s Managing Director and CEO of Vishwavir Ahuja continued to depart with direct effects.

RBL, in the submission of regulations on December 25, noted that “welcoming” Dayal appointment, a veteran center banker with more than 25 years of experience, as a member of his council.

In the announcement related to Aryja leave, the bank said that the accurate accumulation would be assumed with the direct effect by Rajeev Ahuja, the executive director of Petahan which was appointed as “Interim MD & CEO”.

Along with this announcement, the RBL seems to try to calm investors by claiming that business and financial trajectories continue to increase trends.

“Bank finance remained strong with a healthy capital adequacy of 16.3 percent, the high level of liquidity as reflected through the ratio of liquidity coverage of 155 percent, NPA was stable 2.14 percent, a loan deposit ratio of 74.1 percent and leverage ratio 10, 0%, for the quarter ended September 30, 2021, “he said.

Rajeev Ahuja, in the previous press direction on December 26, said Bank Management was supported by the RBI. Recent developments, which include changes in leadership and dayal removal on the Bank’s board, have no relationship with the financial performance of lenders, he said.

“Frankly, in terms of change in leadership, IT (RBI appoints an additional director on the council) has nothing to do with the development of banks. All business fundamentals are whole,” Ahuja said.

The bank is scientitized well and does not have direct capital requirements, the new RBL CEO said, adding a lender will continue its investment.

The bank does not need capital for eight to 12 months, said Ahuja. “We will accelerate many of our investments in technology,” he continued.